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Norfolk Southern Accelerates Progress With Strategic Land Offers To Improve Freight Operations
Friday, January 24, 2025
Norfolk Southern is making notable developments in its actual property technique for 2024, with a deal with investments that assist the expansion of freight operations and meet buyer calls for. Listed below are the main developments:
“The active pipeline of $9 billion in customer investments along our network reflects the value businesses place in rail as a cornerstone of their supply chains,” mentioned Norfolk Southern Government Vice President and Chief Advertising and marketing Officer Ed Elkins. “As we look ahead to 2025, we are intensifying efforts to enhance our portfolio of development-ready sites, laying the groundwork so customers who select Norfolk Southern’s rail-served properties will benefit from accelerated speed-to-market along with sustainable and reliable transportation solutions.”
Metal and metals manufacturing
Plastics
Renewable fuels
Part manufacturing for energy era
Chilly storage, meals processing, and pet meals manufacturing
Focused Land AcquisitionsThe firm has dedicated $45.6 million to buying 523.7 acres of land throughout 14 states. This enlargement is a part of Norfolk Southern’s effort to spice up the fluidity of its community, enhance capability, and unlock potential for future progress. These newly acquired properties will play a vital position in enhancing the corporate’s infrastructure, making certain it’s well-positioned to fulfill the rising demand for freight transportation.
Optimizing Actual Property with Property SalesAlongside its land acquisitions, Norfolk Southern has strategically bought 377 acres of land. The funds generated from these gross sales will likely be reinvested in cutting-edge initiatives, together with the event of rail-integrated options corresponding to warehouses, transload amenities, and environmental initiatives like carbon sequestration. These gross sales align with the corporate’s efforts to drive innovation whereas optimizing its land property for long-term progress.
These strategic strikes replicate Norfolk Southern’s dedication to strengthening its infrastructure and bettering its capabilities to fulfill the rising calls for of the freight and logistics industries in 2024 and the years forward.
“These designations underscore Norfolk Southern’s dedication to making site selection easier for companies that rely on rail to meet their supply chain needs,” mentioned Craig Hudson, GVP of Industrial Improvement at Norfolk Southern. “By investing in development-ready sites across our network, we are helping companies make informed decisions, positioning them in locations optimized for rail connectivity and logistical efficiency. This approach not only supports their growth but also strengthens the economic vitality of the communities we serve.”
