Wednesday, January 08, 2014

NS facilitates $2.3 billion in industrial investment in 2013

Norfolk Southern says that it participated in the location of 67 new industries and the expansion of 25 existing industries along its rail lines in 2013.

 New plants and expansions representing an investment of $2.3 billion by NS customers are expected to create more than 3,100 new jobs in the railroad's territory, eventually generating more than 136,000 carloads of new rail traffic annually.

"The energy sector has been a significant story for several years and 2013 was no different," said Jason Reiner, assistant vice president industrial development. "Norfolk Southern assisted in the location or expansion of 11 energy-related facilities across our service area. Crude oil transportation and support for natural gas exploration and production accounted for the lion's share of energy projects, providing 65 percent of the new rail traffic reported. The energy sector will continue to provide significant growth opportunities in 2014."

NS 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 plant location services, including industrial park planning, site layout, track design and supply chain management. During the past 10 years, Norfolk Southern's Industrial Development Department has participated in the location or expansion of 1,024 facilities, representing an investment of $29 billion and creating more than 44,000 customer jobs in the territory served by the railroad, the railroad says.

 

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