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Article: United States : Norfolk Southern Returns Rail Capacity To Service.
- Article from:
- TendersInfo
- Article date:
- August 27, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: rakshali03
Norfolk Southern Corp. (NSC) has boosted capacity by returning nearly a third of its parked railroad fleet to service in a further sign of a U.S. economic recovery.
More than a quarter of the U.S. rail car fleet has been put into storage this year as the broad downturn dried up demand for freight transport, according to some estimates.
Union Pacific Corp. (UNP) said last month that it had begun using some of its parked cars and locomotives again because of improved conditions in some markets.
Norfolk Southern executives echoed that sentiment in an interview Wednesday, noting improvements in the steel, coal and ...