|Home||Open Account||Help||181 users online|
First publish date: 05-11-2006
NS CEO Tells Stockholders of Positive Momentous Growth
Norfolk Southern Corporation is maintaining the positive momentum of two years of growth created by "major shifts in the transportation sector in this country," said Chief Executive Officer Wick Moorman during the company's 24th annual stockholders meeting, held today in Norfolk.
Moorman referred to 2004 and 2005 as "the best two consecutive years that our company, and the industry, has seen for a long time." He said, "Thus far in 2006, we have been able to maintain our positive momentum."
Moorman said the chief reason for Norfolk Southern's success "has been our ability to provide ongoing reliable service to our customers in the face of continuing growth on our network." He also credited the company's focus on technology and the "hard work, ingenuity and dedication of our people every day."
In official business, stockholders re-elected three directors: Daniel A. Carp, former chairman and chief executive officer of Eastman Kodak Company; Steven F. Leer, president and chief executive officer of Arch Coal, Inc.; and Moorman. Stockholders also ratified the appointment of KPMG LLP as auditors.