Norfolk Southern facilitates $2.3 billion in industrial investment along rail
lines in 2013
NORFOLK, Va., Jan. 7, 2014
NORFOLK, Va., Jan. 7, 2014 /PRNewswire/ --Norfolk Southern Corporation (NYSE:
NSC) participated in the location of 67 new industries and the expansion of 25
existing industries along its rail lines in 2013.
New plants and expansions representing an investment of $2.3 billion by
Norfolk Southern customers are expected to create more than 3,100 new jobs in
the railroad's territory, eventually generating more than 136,000 carloads of
new rail traffic annually.
Norfolk Southern assisted state and local government and economic development
officials throughout 14 states in helping customers identify ideal locations
for new and expanded facilities.
"The energy sector has been a significant story for several years and 2013 was
no different," said Jason Reiner, assistant vice president industrial
development. "Norfolk Southern assisted in the location or expansion of 11
energy-related facilities across our service area. Crude oil transportation
and support for natural gas exploration and production accounted for the
lion's share of energy projects, providing 65% of the new rail traffic
reported. The energy sector will continue to provide significant growth
opportunities in 2014."
The balance of other projects secured during 2013 was distributed among
several of the broad product areas Norfolk Southern serves with notable
representation in metals, agriculture and automotive sectors.
Norfolk Southern works with state and local economic development authorities
on projects involving site location and 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 management. During the past 10 years, Norfolk
Southern's Industrial Development Department has participated in the location
or expansion of 1,024 facilities, representing an investment of $29 billion
and creating more than 44,000 customer jobs in the territory served by the
Norfolk Southern Corporation is one of the nation's premier transportation
companies. Its Norfolk Southern Railway Company subsidiary operates
approximately 20,000 route miles in 22 states and the District of Columbia,
serves every major container port in the eastern United States, and provides
efficient connections to other rail carriers. Norfolk Southern operates the
most extensive intermodal network in the East and is a major transporter of
coal, automotive, and industrial products.
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SOURCE Norfolk Southern Corporation
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