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Rail News: Norfolk Southern Railway
NS logged 94 industrial development projects in 2014
Norfolk Southern Corp. last year helped customers locate or expand 94 facilities along its lines. The 72 new and 22 expanded plants represent a total investment of $5.7 billion, and are expected to create more than 4,420 new jobs and generate more than 205,000 carloads of new traffic annually.
"The energy sector continued to be a major driver of industrial development projects in 2014, and we began to see the return of more traditional industrial projects such as steel mills, auto assembly plants, tire manufacturers and food processing facilities," said Jason Reiner, NS' assistant vice president of industrial development, in a press release. "We expect continued development in the energy sector, as well as growing activity in manufacturing, in 2015."
NS works with state and local governments and economic development agencies in 18 states to identify ideal locations. The Class I assists with site selection and the development of infrastructure to connect customers to its rail system, and provides free and confidential plant location services, including industrial park planning, site layout, track design and supply chain analysis, NS officials said.
During the past 10 years, the railroad's Industrial Development Department has participated in the construction or expansion of 1,017 facilities worth $57 billion.
Contact Progressive Railroading editorial staff.