Thursday, January 26, 2017

Building American business: NS shows how it’s done

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Norfolk Southern reported Jan. 26 that it 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 NS customers.

NS said this activity is expected to create more than 4,600 new jobs in the railroad’s service area and generate more than 50,000 carloads of new rail traffic annually.

The NS Industrial Development Department works with state and local economic development authorities on projects involving site location and development of infrastructure to connect customers to its rail system and provides free and confidential facility location services, including industrial park planning, site layout, track design, and supply chain analysis. During the past 10 years, the department has participated in the location or expansion of 945 facilities representing an investment of more than $60 billion and creating more than 43,000 direct new customer jobs in the territory served by the railroad.

“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 Assistant Vice President Industrial Development Jason Reiner. “Sixteen manufacturing-related projects contributed nearly $2 billion in new investment by customers and 3,000 new jobs during 2016.”

 

 

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