NS invests in DrayNow, launches two community grant programs

Norfolk Southern Corp. has announced an $8 million investment in DrayNow Inc. and the formation of a joint venture aimed at upgrading intermodal capabilities.

Together, the companies plan to develop and deploy technology designed to improve the customer and drayage driver experience, enhance supply chain transparency and increase network fluidity.

DrayNow is striving to change intermodal's first- and final-mile journey through an app that provides real-time shipment tracking information and document captures of drayage shipments. NS' investment will enable the company to further develop technology, increase sales and marketing efforts, and add new team members, DrayNow officials said in a press release.

"[We have] always been committed to building technology solutions that address intermodal's unique challenges and serve all the stakeholders of the intermodal supply chain," said DrayNow CEO Mike Albert. "Norfolk Southern is the perfect strategic partner to accelerate our vision of leveraging technology for transparency and efficiency all the while expanding our operating business."

Meanwhile, NS also launched two new grant programs for first responders and community organizations: the Safety First Grant and Thriving Communities Grant programs.

The Safety First Grant Program is designed to advance safety organizations and initiatives across NS’ 22-state network. Each grant — up to $15,000 — will support first responders who work tirelessly to prepare and prevent emergencies and ensure community safety, NS officials said in an announcement.

The Thriving Communities Grant Program will promote economic opportunities, support vibrant community life and provide equal access to basic necessities, they said. Each grant — up to $50,000 — will support nonprofit organizations in NS’ network that are working to build a strong and resilient foundation for long-term prosperity.