Home
»
Trains Magazine
»
Forums
»
General Discussion
»
NS Estimates Graniteville Financial Costs

Edit topic

Updated your discussion topic below.

Subject
Enter a subject for your topic. Maximum 150 characters.
Post Body
Enter your post below.
January 24, 2005 Norfolk Southern Estimates Graniteville Costs NORFOLK, VA – Norfolk Southern Corporation (NYSE: NSC) said it expects the first quarter 2005 to reflect expenses in the range of $30 to $40 million (pretax) relating to the Jan. 6 derailment at Graniteville, S.C. The amount includes Norfolk Southern’s self-insurance retention under its insurance policies, as well as other uninsured costs. Although potential losses may exceed self-insurance retention amounts, NS expects at this time that insurance coverage is adequate to cover the potential claims or settlements. The amount does not include any fines or penalties that could be imposed. Norfolk Southern Corporation is one of the nation's premier transportation companies. Its Norfolk Southern Railway subsidiary operates 21,500 route miles in 22 states, the District of Columbia and Ontario, Canada, serving every major container port in the eastern United States and providing superior connections to western rail carriers. NS operates the most extensive intermodal network in the East and is North America’s largest rail carrier of automotive parts and finished vehicles. ### For further information contact: (Media) Bob Fort, 757-629-2710 (Investors) Leanne Marilley, 757-629-2861 ------------- Norfolk Southern Corporation http://www.nscorp.com
Tags (Optional)
Tags are keywords that get attached to your post. They are used to categorize your submission and make it easier to search for. To add tags to your post type a tag into the box below and click the "Add Tag" button.
Add Tag
E-mail Subscribe
Check the box below if you want to receive e-mail notifications when replies are made to this thread.

Receive notifications