Norfolk Southern and the Commonwealth of Pennsylvania are investing $11 million to expand track and parking capacity in the railroad's intermodal facility at the Philadelphia Navy Yard.
In an announcement Monday, NS said the project is part of its Crescent Corridor initiative to establish a high speed intermodal route between the Gulf Coast and the Northeast. The $6 million from Norfolk Southern and $5 million from Pennsylvania will create the capacity to handle more than 72,000 containers and trailers annually, said NS.
"Because of its strategic location to Southeastern Pennsylvania, South Jersey, and Delaware, expansion of the Philadelphia Navy Yard intermodal facility is critical to the success of our Crescent Corridor," said Wick Moorman, Norfolk Southern's chief executive officer. "We commend Gov. Ed Rendell for his efforts to provide state funding for our intermodal terminal initiatives in the commonwealth."
"Pennsylvania has invested heavily in rail freight because it is a smart, environmentally friendly, cost-effective infrastructure investment. I will continue to advocate for rail freight investments at the state and national level," Gov. Edward G. Rendell said.