Norfolk Southern Corporation · NYSE:NSC
Norfolk Southern — Merger or Acquisition (December 2005)
5 slides from Norfolk Southern's merger presentation, Dec 2, 2005
Slide 1: Remarks by Henry C. Wolf
Remarks by Henry C. Wolf Vice Chairman and Chief Financial Officer Norfolk Southern Corporation NS/KCS Joint Venture Conference Call Friday, December 2, 2005 slide1: NS Logo Since 2000, Kansas City Southern has provided Norfolk Southern with haulage services for intermodal trains on KCS' "Meridian S
Slide 2: Map of Meridian Speedway
To help provide geographical perspective, a portion of Norfolk Southern's network is shown on this map in green and a portion of Kansas City Southern's in red. Narrowing the lens, the section of the Speedway involving the joint venture is highlighted in dark red. slide 3: Transaction Terms Pursuant
Slide 3: Transaction Terms
Norfolk Southern will be the sole provider via a haulage agreement of domestic intermodal services on the Shreveport-to-Meridian portion of the Speedway to and from points in the United States west of Fort Worth (including transcontinental traffic originating at West Coast ports) and points east of
Slide 4: Transaction Business Benefits
We anticipate that the joint venture will be modestly dilutive on Norfolk Southern's earnings for the first couple of years since our $300 million investment will reduce interest income on Norfolk Southern. However, as the investment is made and the improvements are completed, we expect that the dil
Slide 5: Norfolk Southern Financial Impact
industry to pursue opportunities to improve customer service across North America. Thank you, and we will now take questions that you may have at this time. # # #
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