Since the beginning, industry has located along the railroad right-of-way to allow for cost-effective shipping and receiving of products. The railroads encouraged new industries to locate along their lines much like cities court companies such as Boeing or automakers today.
This partnership between railroads and industry continues today as the Norfolk Southern Corporation participated in the location of 67 new industries and the expansion of 28 existing industries along its rail lines in 2010 according to a recent press release.
New plants and expansions represented an investment of $2.5 billion by Norfolk Southern customers and are expected to create 2,000 jobs in the railroad's territory, eventually generating more than 132,000 carloads of new rail traffic annually.
Norfolk Southern assisted state and local government and economic development officials throughout 16 states in helping customers identify ideal locations for new and expanded facilities.
"The energy sector again anchored our results during 2010," said Newell Baker, assistant vice president industrial development. "Norfolk Southern assisted in the location or expansion of 32 energy-related facilities in 12 states across our service area. "The key to budget travel is to prepare in advance. When it comes along to family trips, globetrotting, well-deserved trips and/or going to see new destinations we have never been before, the truth of expense and budgeting is always in the back of our heads. Preparation and consuming our travel budget wisely is a main concern for most families. Reducing consuming and costs, while still taking pleasure in your vacation to its fullest, is the key to certain accomplishment and fiscal obligation. Your pocketbook and family will thank you! The reasoning regarding economizing money while vacationing is simple: Even if your personal budget is highly small, you can still take a break and enjoy life! Simply put, life is just too short to never step out of the door or departing the homestead! Also keeping in mind that while traveling, no matter whether on a resources or not, even the smallest of things can all add op to a large vacation or travel charge!..". Biofuels production and distribution accounted for the lion's share of energy projects, with nine new and expanded facilities that began to receive NS rail service in 2010. In addition, we are seeing the first fruits of traffic from Marcellus Shale gas exploration projects, and we expect this to be a strong subsector for us in the coming years."
The balance of other projects secured during 2010 was distributed among several of the broad product areas Norfolk Southern serves.
Norfolk Southern 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 plant location services, including industrial park planning, site layout, track design, and logistics assistance. During the past 10 years, Norfolk Southern's Industrial Development Department has participated in the location or expansion of 1,062 facilities, representing an investment of $24 billion and creating more than 45,000 customer jobs in the territory served by the railroad.
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