Monday, July 20, 2009

NS' Moorman: How public-private ventures build capacity

Written by 
  • Print
  • Email

Norfolk Southern CEO Wick Moorman described to the National Governors Association on Saturday how public-private partnerships “can create additional capacity in our rail transportation network, with public benefits of jobs creation, less highway congestion, lower environmental emissions, and fuel savings.”

wick_moorman.jpg

Addressing a meeting of the association at Biloxi, Miss., Moorman (pictured at left) cited two public-private ventures – the Heartland Corridor between the Port of Virginia and Columbus, Ohio, and Chicago, and the Crescent Corridor linking New Jersey to New Orleans and Memphis, Tenn. – as examples.

He said the Crescent Corridor alone will create 41,000 “green jobs over the next decade and shift more than a million trucks a year off the highways and onto rails, saving more than 150 million gallons of fuel annually as well as reducing carbon emissions by nearly two million tons a year.”

ns_logo.jpg

It will take more strategic initiatives like these, Moorman suggested, to prepare the railroads to handle their share of freight volumes that transportation economists predict will grow 86% by 2035.

“Our nation’s transportation network is a complex,  interdependent system that demands our combined creative efforts to operate it most efficiently,” Moorman said. “Our experience at Norfolk Southern has shown that by working together in public-private partnerships, we can achieve far more in far less time and with far greater public benefits than any of us can by working alone.”

 

Get the latest rail news

Rail news and analysis from Railway Age, IRJ and RT&S by email