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Rail News: Rail Industry Trends

NS attracts $2 billion worth of new facilities and plant additions in 2005

Last year, Norfolk Southern Corp. attracted 78 new industries and helped prompt 43 plant expansions along its lines — industrial development worth about $2 billion.

The projects included a $600 million addition to Mercedes-Benz USI’s automobile assembly plant in Vance, Ala. NS also attracted 17 new or expanded plastics-related facilities, as well as a number of grain elevators; cement, chemical, lumber and paper, and steel and food processing plants; and distribution warehouses.

During the past 10 years, the Class I has landed 1,098 industrial development projects worth $24.5 billion. NS’ industrial development department works with state and local economic development authorities to promote sites, develop infrastructure and provide various services, including site layout, engineering and logistics.

Contact Progressive Railroading editorial staff.

More News from 3/1/2006