THE VIRGINIAN-PILOT
Copyright (c) 1996, Landmark Communications, Inc.
DATE: Wednesday, May 22, 1996 TAG: 9605220444
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
TYPE: Business Briefs
LENGTH: 39 lines
In an effort to improve safety, Norfolk Southern Corp. is nearing the end of a mandated $6 million program to install flashing lights on its 2,100 locomotives. The lights should improve the visibility of trains approaching grade crossings. Two alternately flashing lights have been placed on both ends of nearly all the Norfolk-based railroad's locomotives. A law passed by Congress in 1992 requires the lights be installed by the end of 1997. Norfolk Southern, recognized as the nation's safest large-freight railroad, had 692 train-car collisions and 116 rail trespasser casualties in 1995. (Staff) ValuJet co-founder sells 1.5 million stock shares
A ValuJet founder and board member has sold 1.5 million shares of the airline's stock, which has fallen sharply since one of its planes crashed in the Florida Everglades earlier this month. ValuJet said Timothy P. Flynn, one of four founders of the Atlanta-based discount carrier, sold the shares to pay loans used to make investments. The 1.5 million shares represent a 2.7 percent stake in the company and about a quarter of Flynn's holding in the company. (Associated Press) Port of Richmond reports increase in cargo tonnage
Cargo tonnage shipped through the Port of Richmond increased 7 percent in the nine months ended March 30, compared with the same period a year earlier. The small cargo terminal on the James River just south of downtown Richmond handled 415,464 tons of cargo in the period. The Port of Richmond Commission attributed the growth to to steady gains in break-bulk cargos such as wastepaper, tobacco and livestock. The port is seeking $3 million in extra federal funding for dredging the James River. There have been recent shoaling problems in the river's main channel. (Staff) by CNB