Norfolk Southern facilitated $4 billion in industrial investment along rail lines in 2016

Norfolk Southern assisted 71 industries in locating or expanding their businesses along its rail lines in 2016. The 58 new and 13 expanded industries represent an investment of $4b by Norfolk Southern.

The expansions and new businesses are expected to create more than 4,600 new jobs in the railroad’s service area, generating more than 50,000 carloads of new rail traffic annually.

Assistant Vice President, Industrial Development, Jason Reiner said: “We were pleased to see a steady stream of manufacturing projects and a markedly stronger portfolio overall near the end of the year, and that is an encouraging indicator for activity in the coming year. Sixteen manufacturing-related projects contributed nearly $2 billion in new investment by customers and 3,000 new jobs during 2016.”

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 facility location services, including industrial park planning, site layout, track design, and supply chain analysis.

For more information visit www.nscorp.com

20th Feb 2017