{"id":3434,"date":"2024-01-18T02:30:05","date_gmt":"2024-01-17T16:30:05","guid":{"rendered":"https:\/\/www.vibewire.com.au\/?p=3434"},"modified":"2024-01-18T02:30:05","modified_gmt":"2024-01-17T16:30:05","slug":"customers-invest-3-1b-along-norfolk-southerns-network-in-2023","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=3434","title":{"rendered":"Customers invest $3.1B along Norfolk Southern\u2019s network in 2023"},"content":{"rendered":"

Norfolk Southern Corporation\u00a0 partnered with 62 customers to complete strategic industrial development projects in 2023. The projects expanded operations or created new facilities along Norfolk Southern\u2019s rail network. Collectively, the projects represent\u00a0$3.1 billion<\/span>\u00a0in investment and the creation of more than 4,150 new jobs.<\/p>\n

Scout Motors<\/a>\u00a0tapped Norfolk Southern\u2019s industrial development and automotive logistics expertise in 2023, as the company announced it will invest\u00a0$2 billion<\/span>\u00a0in\u00a0Richland County, South Carolina<\/span>, for a new electric vehicle automotive manufacturing facility.<\/p>\n

\u201cScout Motors is planning a state-of-the-art production facility in\u00a0South Carolina<\/span>\u00a0that brings together cutting-edge automotive manufacturing technology and logistics operations,\u201d said Vice President of Growth at Scout Motors\u00a0Cody Thacker<\/span>. \u201cNorfolk Southern is an important link in the supply chain for Scout Motors that served as a valuable early planning partner and collaborator. Incorporating inbound and outbound rail service will allow Scout Motors to sustainably handle rapid production growth, to remain sensitive to the communities surrounding the plant, and to deliver hundreds of thousands of Scout trucks and SUVs to consumers across America.\u201d<\/p>\n

Adding to the robust opportunity created by Scout Motors, other electric vehicle (EV) activity located along Norfolk Southern lines, or with a short line partner, in 2023:<\/p>\n

General Motors and Samsung SDI<\/a>, as the companies invest more than\u00a0$3 billion<\/span>\u00a0in\u00a0New Carlisle, Indiana<\/span>\u00a0to build an EV battery cell plant.
\nAlbemarle<\/a>, as the company invests\u00a0$1.3 billion<\/span>\u00a0in\u00a0Chester County, South Carolina<\/span>\u00a0for a lithium hydroxide Mega-Flex facility.
\nFord<\/a>, as the company makes a significant investment in\u00a0Marshall, Michigan<\/span>, using knowledge and services from Contemporary Amperex Technology Co., Limited (CATL<\/a>), to build lithium iron phosphate batteries.<\/p>\n

Norfolk Southern is seeing growth in several markets: metals and construction, agriculture, and more. For example,\u00a0Anchor Ingredients<\/a>, announced the company would invest\u00a0$40 million<\/span>\u00a0in\u00a0Richmond, Indiana<\/span>\u00a0for a new pet food ingredient facility in 2023.<\/p>\n

Norfolk Southern provided industrial development support to the following companies that began or increased their rail service in 2023:<\/p>\n

Pure Cycle<\/a>,\u00a0as the company invests\u00a0$363 million<\/span>\u00a0in\u00a0Lawrence County, Ohio<\/span>\u00a0for a new polypropylene recycling plant.
\nIdaho Forest Group, LLC.,<\/a>\u00a0as the company invests\u00a0$120 million<\/span>\u00a0in\u00a0Lamar County, Mississippi<\/span>\u00a0for a new lumber mill.
\nInternational Paper<\/a>,\u00a0as the company invests\u00a0$100 million<\/span>\u00a0in\u00a0Chester County, Pennsylvania<\/span>\u00a0for a new corrugated packaging plant.
\nChurch & Dwight<\/a>, as the company invests\u00a0$50 million<\/span>\u00a0in\u00a0Seneca County, Ohio<\/span>\u00a0for an expansion to their current cat litter production plant.
\nJasper Forest Products<\/a>, as the company invests\u00a0$45 million<\/span>\u00a0in\u00a0Walker County, Alabama<\/span>\u00a0to expand their lumber facility.
\nHollingshead Cement<\/a>, a materials division of SRM Concrete, as the company invests\u00a0$9.5 million<\/span>\u00a0in\u00a0Delaware County, Indiana<\/span>\u00a0for a new cement distribution terminal.
\nHome Depot<\/a>, as the company invests\u00a0$8.5 million<\/span>\u00a0in\u00a0Mecklenburg County, North Carolina<\/span>\u00a0for a new rail-served lumber distribution facility.<\/p>\n

Norfolk Southern also furthered other strategic real estate investments and public-private partnerships in 2023. In\u00a0Norfolk, Virginia<\/span>, stakeholders broke ground on Fairwinds Landing in June of 2023. With the announcement of\u00a0Dominion Energy Inc.<\/a>\u00a0as a flagship tenant and a\u00a0$39.2 million<\/span>\u00a0grant from the\u00a0U.S. Department of Transportation<\/a>\u00a0this year, the\u00a0lease agreement<\/a>\u00a0Norfolk Southern entered into with Fairwinds Landing, LLC will create a world-class maritime operations and logistics center that supports the offshore wind, defense, and transportation industries.<\/p>\n

And in June of 2023, Norfolk Southern sold 16.7 acres to\u00a0Colonial Terminals<\/a>\u00a0for the development of breakbulk infrastructure along the Savannah River in\u00a0Georgia<\/span>. The new facility will be directly served by Norfolk Southern and will allow more than a million tons of throughput. The facility will also support the development of a new wide-span berth to move steel, paper, and other forest products. And it will be capable of handling any general breakbulk cargo.<\/p>\n

In 2023, Norfolk Southern also added 41 new rail-served industrial development sites that are now featured on its customizable search database,\u00a0NSites<\/a>. Those looking to locate or expand their business on rail in 2024 can contact Norfolk Southern\u2019s Business Development and Real Estate team and take advantage of a full suite of resources on its brand-new, customer-centric website,\u00a0NorfolkSouthern.com<\/a>.<\/p>\n

-via Press Release<\/em><\/p>\n

The post Customers invest $3.1B along Norfolk Southern\u2019s network in 2023<\/a> appeared first on Railpace Newsmagazine<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Norfolk Southern Corporation\u00a0 partnered with 62 customers to complete strategic industrial development projects in 2023. The projects expanded operations or created new facilities along Norfolk […]<\/p>\n","protected":false},"author":1,"featured_media":3435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[713,47],"tags":[11],"class_list":["post-3434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canada","category-rail-news","tag-usa"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/3434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3434"}],"version-history":[{"count":0,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/3434\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/media\/3435"}],"wp:attachment":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}