Fwd: [NSInfo] Norfolk Southern Selects Greencastle Site for New Franklin Coun...

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Wed Aug 12 15:15:59 EDT 2009


The Hagerstown Railfans are excited about this venture. Terry
Marshall



____________________________________
From: nsinfo at nscorp.com
Reply-to: no-reply at nscorp.com
To: nsinfo at nscorp.com
Sent: 8/12/2009 12:15:44 P.M. Eastern Daylight Time
Subj: [NSInfo] Norfolk Southern Selects Greencastle Site for New Franklin
County Regional Intermodal Facility, Supporting Crescent Corridor Initiative



August 12, 2009

Norfolk Southern Selects Greencastle Site for New Franklin County Regional
Intermodal Facility, Supporting Crescent Corridor Initiative
NORFOLK, VA. – Norfolk Southern announced today that it will construct a
new intermodal terminal in Greencastle, Pa., to serve the Mid-Atlantic
region, as part of the railroad’s multi-state Crescent Corridor initiative to
establish a high-speed intermodal freight rail route between the Gulf Coast
and the Northeast. The $95 million facility, at which freight moving in
containers and trailers will be transferred between train and truck, will
occupy a 200-acre site adjacent to the planned Antrim Commons Business Park and
is expected to open in late 2011.
“Because of its strategic location to key markets in the Mid-Atlantic
region, the new Franklin County terminal is vital 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 Greencastle and Philadelphia. We
also want to thank Sens. Robert Casey and Arlen Specter, and Rep. Bill Shuster
for their support of a public-private partnership with the U.S. Dept. of
Transportation so that Pennsylvania will benefit from the economic
development opportunities and job growth potential of integrated logistics hubs. We
also want to express our gratitude to the rest of the Pennsylvania and
Maryland members of Congress who are supporting the Crescent Corridor,
including Roscoe Bartlett, Bob Brady, Charlie Dent, Jim Gerlach, Tim Holden,
Patrick Murphy, and Todd Platts. Finally, we must recognize the Pennsylvania
Department of Transportation and the Franklin County Area Development
Corporation for their tremendous support in moving this project forward.”
“Rail freight is an important component of any transportation
infrastructure discussion,” Governor Edward G. Rendell said. “This facility will
create good jobs, generate revenue, and help reduce highway congestion.
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.”
Norfolk Southern’s Crescent Corridor initiative is a multistate network of
infrastructure improvements and other facilities intended to enhance
Norfolk Southern’s 2,500-mile rail network that supports the supply chain from
the Gulf Coast and Memphis to Harrisburg, Philadelphia and the New York
metropolitan area and enable it to handle more freight traffic faster and more
reliably. The railroad is in the process of implementing Corridor projects,
including straightening curves, adding passing tracks, improving signal
systems, and building new terminals.
Altogether, nearly $2.5 billion in Crescent Corridor projects have been
identified, and based on the public benefits that stand to be derived in the
form of highway congestion relief, NS plans to implement the Crescent
Corridor initiative through a series of public-private partnerships. When the
Crescent Corridor initiative is fully implemented, it is anticipated that
more than one million truckloads of freight will be absorbed from the highways
to the rails annually, saving the U.S. more than 170 million gallons of
fuel per year.
When the Crescent Corridor is fully operational, annual benefits to
Pennsylvania are expected to include nearly 700,000 long-haul trucks diverted to
rail, almost 10 million gallons of fuel saved, carbon dioxide reduction of
110,000 tons, more than $9 million in traffic congestion savings, and
avoidance of an estimated $8.5 million in accident costs. Over the next ten
years 26,000 jobs in Pennsylvania are expected to be created or enhanced by the
Crescent Corridor. Norfolk Southern also has improvements planned for
existing intermodal terminals in Harrisburg and Philadelphia, along with $27
million in track and signal upgrades.
The proposed investment in the Franklin County Regional Intermodal
Facility will create the capacity to handle more than 85,000 containers and
trailers annually. The terminal will utilize the latest in gate and terminal
automation technology, which shortens the waiting time for trucks entering the
terminal, thereby reducing exhaust emissions and improving truck driver
productivity. Four intermodal trains daily will serve the terminal.
Site selection was given careful and exhaustive consideration to minimize
impacts on surrounding communities, roadway facilities, and the
environment. A site near an existing logistics park with quick access to an interstate
highway was chosen so that national and local markets would have the
opportunity to benefit from the Crescent Corridor’s state-of-the-art economic
development and environmental potential.
Rail Intermodal traffic uses one-third of the fuel required by long-haul
trucks and greatly reduces highway congestion, greenhouse gas emissions, and
highway maintenance costs. The Crescent Corridor will help the environment
and reduce a large burden on state budgets.
Norfolk Southern Corporation (NYSE: NSC) is a leading North American
transportation provider. Its Norfolk Southern Railway subsidiary operates
approximately 21,000 route miles in 22 states and the District of Columbia,
serves every major container port in the eastern United States, and provides
efficient connections to other rail carriers. Norfolk Southern operates the
most extensive intermodal network in the East and is a major transporter of
coal and industrial products.
Any statements contained in this news release which are not related to
historical facts are forward-looking statements as that term is defined in the
Private Securities Reform Act of 1995. Such forward-looking statements are
subject to risks and uncertainties (noted in the corporation's filings
with the SEC) which could cause actual results to differ materially.
Norfolk Southern contacts
Media | Rudy Husband | 610-567-3377 | _rudy.husband at nscorp.com_
(mailto:rudy.husband at nscorp.com)
Investors | Leanne Marilley | 757-629-2861 | _leanne.marilley at nscorp.com_
(mailto:leanne.marilley at nscorp.com)
Norfolk Southern Corporation | _http://www.nscorp.com_
(http://www.nscorp.com/)
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