Thursday, April 02, 2009

Industries invest $2.2 billion along NS lines

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Norfolk Southern customers invested $2.2 billion in new and expanded facilities along the railroad's lines in 2008. The investment is expected of generate 136,000 carloads of new rail traffic annually and create 3,623 new jobs in the railroad's territory. NS worked with government and economic officials in 20 states to identify ideal industrial locations.

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"Renewable energy projects led the way across our service area in 2008," said Newell Baker, assistant vice president industrial development. "Our group was able to assist in the location of 19 ethanol and bio-diesel production and distribution facilities across 10 states. In addition, we created eight projects with stone producers and electric utilities to facilitate rail shipment of high-calcium limestone for use in 'scrubbing' power plant emissions to reduce atmospheric sulfur dioxide and meet future clean air standards."

NS said that during the past 10 years its Industrial Development Department has participated in the location or expansion of 1,115 facilities, representing an investment of $23.6 billion and creating nearly 55,000 customer jobs in the railroad's territory.