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Rail News: Rail Industry Trends
Last year, Norfolk Southern Corp.'s industrial development efforts paid off when 67 companies built facilities and 34 firms expanded plants along the Class I's lines. The developments are expected to generate more than 100,000 additional carloads annually.
Among the largest projects, Toyota Motor Manufacturing of Indiana expanded an automobile assembly plant in Princeton, Ind., and SunCoke Co. constructed a coke production facility in Haverhill, Ohio.
NS officials work with state and local economic development representatives to help companies choose a site and connect a facility to the Class I's system. The industrial development department provides free plant location services, including site layout, engineering and logistics assistance.
"With more than 2,000 available rail-served sites, Norfolk Southern was able to provide industrial development assistance to more than 100 companies in 19 states," said Larry Collingwood, NS assistant vice president of industrial development, in a prepared statement.
During the past decade, the railroad's industrial development department has attracted 1,109 projects, including new or expanded facilities.
3/16/2005
Rail News: Rail Industry Trends
NS' industrial development deeds lead to more carloads
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Last year, Norfolk Southern Corp.'s industrial development efforts paid off when 67 companies built facilities and 34 firms expanded plants along the Class I's lines. The developments are expected to generate more than 100,000 additional carloads annually.
Among the largest projects, Toyota Motor Manufacturing of Indiana expanded an automobile assembly plant in Princeton, Ind., and SunCoke Co. constructed a coke production facility in Haverhill, Ohio.
NS officials work with state and local economic development representatives to help companies choose a site and connect a facility to the Class I's system. The industrial development department provides free plant location services, including site layout, engineering and logistics assistance.
"With more than 2,000 available rail-served sites, Norfolk Southern was able to provide industrial development assistance to more than 100 companies in 19 states," said Larry Collingwood, NS assistant vice president of industrial development, in a prepared statement.
During the past decade, the railroad's industrial development department has attracted 1,109 projects, including new or expanded facilities.