NS to invest $11 million in Philadelphia Navy Yard IM facility
Norfolk Southern and the
Commonwealth of Pennsylvania are investing $11 million in the railroad’s
Philadelphia Navy Yard intermodal facility to expand track and parking
capacity. The expansion is part of Norfolk Southern’s multi-state Crescent
Corridor initiative to establish a high-speed intermodal freight rail route
between the Gulf Coast and the Northeast. The proposed investment — $6 million
from Norfolk Southern and $5 million from Pennsylvania — will create the
capacity to handle more than 72,000 containers and trailers annually.
Construction is scheduled to begin in mid-2010.