advertisement

---

The fundamentals that helped frame Norfolk Southern Corp.’s record five-year run leading into the recession are still in place, so hang in there, NS Chief Executive Officer Wick Moorman said during the company’s 27th annual stockholders meeting, held yesterday in Williamsburg, Va.

“Longer term, it will get better. Rail’s future and our potential to help solve our nation’s transportation crisis are as promising today as they have ever been,” he said. “The factors that drove our growth over the past five years — higher fuel efficiency in a world with rising energy costs along with ever-increasing highway congestion — are still there, along with our superior performance in terms of emissions and sustainability.”

Moorman’s remarks are posted on NS’s Web site.

Shareholders also conducted some official business at the meeting, re-electing four directors: Moorman; Daniel Carp, chairman of Delta Airlines Corp.; Steven Leer, chairman and CEO of Arch Coal Inc.; and Michael Lockhart, chairman, president and CEO of Armstrong World Industries.