Norfolk Southern to spend $1.34 billion in 2007 on capital improvements

Norfolk Southern to spend $1.34 billion in 2007 on capital improvements Norfolk Southern Corp. said Monday it will spend $1.34 billion in 2007 for capital improvements to its railroad operations and subsidiaries.
   The anticipated spending includes $884 million for roadway projects, $401 million for equipment and $55 million for small projects and real estate.
   'Our capital budget reflects our commitment to maintain a safe and vibrant rail system to meet the continuing strong demand we anticipate in 2007 and beyond,' said Wick Moorman, Norfolk Southern's chief executive officer.