Freight News, Rail

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

[ February 23, 2017   //   ]

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 $4.0 billion by Norfolk Southern customers and 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.
“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,” said Jason Reiner, assistant vice president industrial development. “Sixteen manufacturing-related projects contributed nearly $2 billion in new investment by customers and 3,000 new jobs during 2016.”