Norfolk Southern selling locomotives to beat the band
Written by David C. Lester, Editor-in-Chief
Reciprocal switching has been a hot issue for years.
David C. Lester
Due to the advent of precision scheduled railroading (PSR), Norfolk Southern has decided to sell a significant number of locomotives, according to a report in FreightWaves.
The railroad has sold around 300 locomotives, and plans to sell an additional 400. The sale of these locomotives was reported to the Securities and Exchange Commission (SEC) in a filing yesterday.
According to Norfolk Southern, PSR “continues to provide significant benefits to network operations and has resulted in excess capacity.”
According to Norfolk Southern’s corporate profile, the company currently owns and leases 4,197 locomotives.
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