Due to continuing increases in traffic levels, Norfolk Southern Corporation said it will acquire 50 more new locomotives than initially planned 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 Stephen C. Tobias, vice chairman and chief operating officer. “The new locomotives will help us continue to ensure high service levels while increasing the reliability and fuel efficiency of our fleet.”
The six-axle, 4,000-horsepower high-adhesion locomotives, built by General Electric Transportation-Rail, meet all new reduced air-emission standards. Delivery is scheduled for the fourth quarter of this year.
The 50 new locomotives will be in addition to the purchase of 52 Electro Motive six-axle, 4,000 horsepower high-adhesion locomotives announced in the 2005 capital spending budget. With a total of 102 new locomotives, Norfolk Southern’s fleet will increase to nearly 4,000 units.