Norfolk Southern plans $2 billion in upgrades

Jan 30, 2013 | 06:35 PM | Corinna Petry

Tags  Norfolk Southern, railroad, capital investments, Wick Moorman, rail, transportation

CHICAGO — Norfolk Southern Corp. plans to spend $2 billion on capital improvements to its rail transportation network in 2013.

The largest expenditure will be $831 million designated for roadway improvements, including the maintenance and replacement of rail, crossties, ballasts and bridges. The rail company also plans to spend $420 million to acquire new locomotives, upgrade existing....

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