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To: 246810 who wrote (3584)	12/22/1998 6:56:00 PM
From: Dwayne Hines	Read Replies (2) \| Respond to of 4304

Wall Street Journal, Tuesday, December 22: Norfolk Southern Corp. Company Plans to Increase Capital Outlays 19% in 1999 Norfolk Southern Corp. said it plans to boost capital spending 19% to $1.07 billion next year, reflecting increased investment in tracks and equipment related to its integration of key Conrail Inc. routes. The Norfolk Va. company planned to spend $903 million for capital projects in 1998, which also included some spending for Conrail. Norfolk Southern and CSX corp., Richmond VA., plan to implement their $10 billion carve-up of Conrail during the first quarter of 1999. Norfolk Southern said the increased spending in 1999 will include addition of track on key routes as well as new terminals to handle so-called intermodal shipments, which refer to traffic that moves by a combination of road and rail. The company also is improving some major bridges on Conrail routes it will be operating. **** Jack again gives everyone Christmas greetings.