Strategic deal enhances rail network's first
and final mile solutions
ATLANTA, April 2,
2024 /PRNewswire/ -- Norfolk Southern
Corporation (NYSE: NSC) announced Tuesday the purchase of the Great
Lakes Reload (GLR) property, a direct rail and truck-served
transload and warehouse facility located in Chicago. The purchase advances Norfolk
Southern's strategy to convert flexible freight to rail, and in
acquiring this space, the rail company and GLR operators will
provide joint customers with better access to new markets and
better connectivity within existing markets.
Transload facilities offer customized solutions tailored to the
requirements of different types of cargo. The GLR has the
infrastructure and capabilities to safely store and transload all
commodity types, including steel, cement, lumber, and more.
"Transloading solutions play a pivotal role in optimizing rail
networks, and this partnership exemplifies our dedication to
maximizing efficiency and flexibility for our customers," said VP
Business Development and First and Final Mile Markets Stefan Loeb.
"By acquiring the Great Lakes Reload facility, Norfolk Southern
gains access to a unique set of end-to-end supply chain solutions,
unlocking significant new business opportunities for existing and
future Norfolk Southern customers while preserving the successful
operations already in place."
The 60-acre GLR site has an outdoor rail capacity of 175 cars, a
climate-controlled 386,000 square foot warehouse with 13 overhead
cranes, 18 indoor rail spots, and indoor box car docks. GLR will
continue to operate the facility and support operations for Norfolk
Southern.
"This long-term strategic partnership will help us grow Norfolk
Southern's first mile and final mile rail traffic into and out of
our Great Lakes Terminal," said Chuck Marias, President of Great
Lakes Reloading. "We will continue to provide premium transloading
and warehousing services to existing and future customers and are
excited to be part of Norfolk Southern's First and Final Mile
Markets network."
GLR serves Chicago and its
surrounding markets. Customers looking to take advantage of Norfolk
Southern's expanded First and Final Mile Markets service portfolio
can visit NorfolkSouthern.com.
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 approximately 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
Norfolk Southern originates more automotive traffic than any other
Class I Railroad. Norfolk Southern also has the most extensive
intermodal network in the eastern U.S. It serves a majority of the
country's population and manufacturing base, with connections to
every major container port on the Atlantic coast as well as to
major ports in the Gulf of Mexico
and Great Lakes. Learn more by visiting
www.NorfolkSouthern.com.
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SOURCE Norfolk Southern Corporation