159 industrial development projects create
3,940 jobs
ATLANTA, Jan. 26,
2023 /PRNewswire/ -- Norfolk Southern Corporation
(NYSE: NSC) partnered with 120 companies to facilitate 159
industrial development projects in 2022. The projects expanded
operations or created new facilities along the company's rail
network. Collectively, they represent $3.2
billion in investment and the creation of more than 3,940
new jobs.
"Our customers continue to leverage our business development and
real estate expertise in addition to our world-class logistics
network," said Norfolk Southern Executive Vice President and Chief
Marketing Officer Ed
Elkins. "With more than 825 development-ready
industrial sites, approximately 300 rail-to-truck transload
facilities, and 260 short-line partnerships, we have the capacity
and connections to support our customers and earn new
business."
Norfolk Southern's sustainable supply chain offerings and
geographic footprint are attracting companies focused on growth,
all in response to new market demands. According to Area
Development, a leading publication for site selectors, nine out
of the top 10 states in which to do business are served by Norfolk
Southern. In addition, several economic trends are supporting
future growth for the company and its customers, including
increasing electric vehicle production, growth of e-commerce,
reshoring/onshoring, and a focus by businesses to reduce their
carbon emissions.
"In partnership with public and private sector leaders, Norfolk
Southern is a catalytic agent in economic development," said
Norfolk Southern Vice President Business Development and Real
Estate Kathleen Smith. "We collaborate with customers and
economic development allies to unlock the value of utilizing rail
in supply chains, and we work together to accomplish the shared
goal of creating jobs, investment, and volume."
Customers that Norfolk Southern provided industrial development
support to included:
- Commercial Metals Company, as the company invests
$450 million in Berkeley County, West Virginia for a new rebar
steel mill.
- Packaging Corporation of America (PCA), as the company
invests $440 million to produce
linerboard used for corrugated packaging in Jackson, Alabama.
- Mark Anthony Brewing, as the company invests $400 million in a new state-of-the-art brewery
and production facility in Richland,
South Carolina.
- NewCold, as the company invests $333 million in building and operating an
advanced, large-scale distribution facility in McDonough, Georgia.
- CONSOL Energy as the company invests $100 million to open the Itmann Preparation Plant
in Itmann, West Virginia, to
produce premium, low-vol metallurgical coking coal to serve the
domestic and international steel markets.
- Fairwinds Landing as they invest $100 million in Norfolk, Virginia to transform Lambert's Point
Docks into a maritime operations and logistics center that supports
the offshore wind, defense, and transportation industries.
Norfolk Southern has a strong project pipeline of customer
initiatives in 2023 and beyond. These include 33 companies that
have announced plans for a new production facility or a significant
plant expansion along Norfolk Southern's rail network – or with one
of Norfolk Southern's short-line partners. The announcements
represent $30 billion in projected
investment and are prime opportunities for business development.
For example, in May of 2022, Hyundai Motor Group stated plans to
invest $5.54 billion in Bryan County, Georgia for its first fully
dedicated electric vehicle and battery manufacturing facility.
"We help our clients identify rail-served sites that offer
companies reliable, sustainable, and efficient transportation for
their shipments," said Norfolk Southern Group Vice President
Industrial Development Craig Hudson. "Looking to 2023 and beyond,
we are confident that our industrial development efforts will
continue to drive growth for both our customers and Norfolk
Southern, and our strong pipeline of opportunities underscores the
confidence that our customers have in Norfolk Southern and freight
rail."
In addition to the company's traditional business development
capabilities, Norfolk Southern operates a customizable industrial
site and transload location search engine, NSites. By using
targeted filters, companies can sift through results based on
acreage, location, existing warehousing, and proximity to highways,
intermodal terminals, and port facilities.
About Norfolk Southern
Since 1827, Norfolk
Southern Corporation (NYSE: NSC) and its predecessor companies have
safely moved the goods and materials that drive the U.S. economy.
Today, it operates a customer-centric and operations-driven freight
transportation network. Committed to furthering sustainability,
Norfolk Southern helps its customers avoid 15 million tons of
yearly carbon emissions by shipping via rail. Its dedicated team
members deliver more than 7 million carloads annually, from
agriculture to consumer goods, and is the largest rail shipper of
auto products and metals in North
America. Norfolk Southern also has the most extensive
intermodal network in the eastern U.S., serving a majority of the
country's population and manufacturing base, with connections to
every major container port on the Atlantic coast as well as the
Gulf of Mexico and Great Lakes.
Learn more by visiting www.NorfolkSouthern.com.
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SOURCE Norfolk Southern Corporation