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 units, rebody coal
cars, buy multilevel freight cars to handle increased
automotive traffic, and purchase intermodal containers and
Norfolk Southern has marked $229
million for continued implementation of positive train control,
a federal automation technology mandate designed to improve
safety while equipment is moving.
Investments in facilities and
terminals will exceed $200 million and will include the
expansion of a northern Ohio railyard, the construction of a
new intermodal terminal in Charlotte, N.C., and the development
of new and expanded bulk transfer facilities.
"Our capital plan will maintain
the safety and quality of our existing franchise, improve
service quality and performance, achieve operational
efficiencies and productivity improvements, and support
business growth," chief executive officer Wick Moorman said in
The Norfolk, Va.-based company operates 20,000 route miles
in 22 states, mostly east of the Mississippi River.