Norfolk Southern Plans $2 Bln. Rail Corridor
Eastern freight rail line Norfolk Southern Corp. plans to build a rail corridor costing more than $2 billion from Louisiana to the Northeast that it said would speed shipments and reduce truck freight, the Associated Press reported.
The “Crescent Corridor” project involves expanding and improving its rail network from the Northeast to the Southeast.
Virginia has committed $40 million in seed money for the project, which would run along Interstate 81, a major truck route, a Norfolk Southern official told AP, and the Norfolk, Va.-based railroad is seeking additional public money.
Mike McClellan, NS’ vice president of intermodal and automotive marketing announced the plan to analysts at conference in New York Wednesday, AP reported.
The corridor would include about 1,400 rail miles from New Orleans to Newark, N.J., plus investments on parallel routes, he said, adding that NS would build new terminals in central Maryland and eastern Tennessee, AP reported.
