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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