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4/5/2005
Rail News: Rail Industry Trends
Power purchase: NS to buy 50 more locomotives
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Citing burgeoning rail-traffic increases, Norfolk Southern Corp. announced April 4 that it will acquire 50 more new locomotives than the Class I initially planned to buy in 2005.
“Record volume growth over the past 18 months and continuing strong demand for rail transportation of freight make this a great investment for NS and our customers,” said Vice Chairman and Chief Operating Officer Stephen Tobias in a prepared statement. “The new locomotives will help us continue to ensure high service levels while increasing the reliability and fuel efficiency of our fleet.”
Built by General Electric Transportation-Rail, the six-axle, 4,000-horsepower high-adhesion locomotives meet all new reduced air-emission standards, NS says. Delivery is scheduled for the fourth quarter.
NS’s 2005 capital budget originally included the purchase of 52 six-axle, 4,000 horsepower high-adhesion locomotives to be built by General Motors Corp.'s Electro-Motive Division. Now, with a total 102 new locomotives entering revenue service this year, the NS fleet will increase to nearly 4,000 units.
“Record volume growth over the past 18 months and continuing strong demand for rail transportation of freight make this a great investment for NS and our customers,” said Vice Chairman and Chief Operating Officer Stephen Tobias in a prepared statement. “The new locomotives will help us continue to ensure high service levels while increasing the reliability and fuel efficiency of our fleet.”
Built by General Electric Transportation-Rail, the six-axle, 4,000-horsepower high-adhesion locomotives meet all new reduced air-emission standards, NS says. Delivery is scheduled for the fourth quarter.
NS’s 2005 capital budget originally included the purchase of 52 six-axle, 4,000 horsepower high-adhesion locomotives to be built by General Motors Corp.'s Electro-Motive Division. Now, with a total 102 new locomotives entering revenue service this year, the NS fleet will increase to nearly 4,000 units.