This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Norfolk Southern Slows Train Speeds Between Dearborn And Kalamazoo

NORFOLK, Va., March 16, 2012 /PRNewswire/ -- Effective March 15, 2012, Norfolk Southern (NYSE: NSC) lowered the railroad operating speed limits on certain sections of the Michigan Line between Dearborn and Kalamazoo that handle both Amtrak's passenger service and Norfolk Southern's freight service.  These lower speed limits have been imposed to reflect the maximum safe operating speeds for the line, given the line's condition. Safety is of paramount importance in both passenger and freight rail operations.

The reduction in railroad operating speed limits both has been anticipated over time and is in conformance with existing agreements between Norfolk Southern and Amtrak. Other portions of the Michigan mainline experienced similar reductions in railroad operating speed limits in 2011. Some of those 2011 speed reductions were later eliminated as the result of work funded by Michigan DOT.

The Michigan Line is currently the subject of an existing agreement that anticipates the acquisition of the rail line by Michigan, and the subsequent rehabilitation of the line to handle maximum authorized speeds of up to 110 mph for passenger trains. That transaction is expected to be completed later this year, pending Federal regulatory review. 

"Until ownership of the Michigan Line is transferred, Norfolk Southern is willing to perform work on the line on behalf of Amtrak or Michigan DOT to address any passenger operating concerns," said John V. Edwards, Norfolk Southern's general director passenger policy. "This work is not necessary to provide freight service, but if the passenger service providers want to provide the necessary funding, we will do it.

Norfolk Southern Corporation is one of the nation's premier transportation companies. Its Norfolk Southern Railway subsidiary operates approximately 20,000 route miles in 22 states and the District of Columbia, serves every major container port in the eastern United States, and provides efficient connections to other rail carriers. Norfolk Southern operates the most extensive intermodal network in the East and is a major transporter of coal and industrial products.

Connect with NS http://www.nscorp.com/   http://www.facebook.com/NorfolkSouthern   http://www.flickr.com/photos/norfolksouthern   http://www.twitter.com/nscorp   http://www.youtube.com/user/norfolksoutherncorp

SOURCE Norfolk Southern Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,066.82 -12.75 -0.07%
S&P 500 1,999.69 +2.95 0.15%
NASDAQ 4,571.7360 +14.0410 0.31%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs