Summit Notebook

Exclusive outtakes from industry leaders

AUDIO – More money, more money, more money…

February 23, 2009

The U.S. government is spending a LOT of money these days.

We generally don’t go for the all-CAPS version of words, but in this case, it seemed appropriate. Every day we’re seeing new multibillion-dollar programs being rolled out of Washington, D.C. for everything from bank bailouts to auto companies programs.

But, according to Wick Moorman, chief executive of Norfolk Southern Corp, much more infrastructure spending still needs to be done for the nation’s railroads.

Moorman said the major companies will do their share, but the Obama Administration will still need to spend more on rails, Moorman said. If it doesn’t, Morman

Moorman was one of our featured guests at Monday’s session of the Reuters Manufacturing and Transportation Summit in Chicago. The summit runs through Thursday in our Chicago offices and includes guests from throughout the sector.

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