Norfolk Southern Reports more than $4.3 billion in Industrial Development Activity in 2024

In 2024, Norfolk Southern Corporation customers advanced 149 industrial development projects, representing $4.3 billion in investment for new or expanded facilities on Norfolk Southern or a short line partner’s lines. Of these, 65 projects reached completion and began shipping with Norfolk Southern in 2024, representing $1.2 billion in investment and 1,700 jobs.

These projects are a subset of an industrial development pipeline with more than 450 projects that have been identified by customers for future growth. The active pipeline is estimated to generate more than 150,000 incremental carloads for Norfolk Southern and more than 9,000 new jobs and $9 billion in customer investment for regional economies over the next few years.

In 2024, Norfolk Southern saw a rise in industrial development activity across many sectors, including:

Steel and metals production
Plastics
Renewable fuels
Component manufacturing for power generation
Cold storage, food processing, and pet food production

Over the last year, Norfolk Southern sharpened its portfolio of rail-served industrial sites. Three of Norfolk Southern’s PRIME Sites received the Readiness Evaluation for Development and Investment in 2024. The REDI Sites designation means sites have undergone rigorous assessment by the world’s foremost group of site selection consultants who make up the Site Selectors Guild.

Learn more about Norfolk Southern PRIME Sites which have received the independent REDI Sites designation here, and search through Norfolk Southern’s portfolio of 700 rail-served properties and 300 transload facilities on its newly optimized, customizable search platform, NSites.

Norfolk Southern also advanced key real estate initiatives to support freight growth and customer expansions in 2024:

Property Acquisitions: Acquired 523.7 acres across 14 states, representing a $45.6 million investment to improve network fluidity, enhance capacity, and promote future development opportunities.
Property Sales: Sold 377 acres of property for rail integrated solution projects such as warehouse development and transload facilities, as well as carbon sequestration initiatives.

-via Press Release

Phase One Milestone of MTA Park Avenue Viaduct Replacement Project

New York Governor Kathy Hochul announced a major Metropolitan Transportation Authority (MTA) milestone with the completion of bridge replacement work on Phase 1 of the Park Avenue Viaduct Replacement Project. Through 128 bridge installations, the project replaced 8,240 track feet of the aging 132-year-old structure, all without disrupting Metro-North service. Thanks to strong project management and an innovative construction approach, the project as a whole is $93 million under budget and 51 months ahead of schedule.

Historic Railroad Equipment Display at Hoboken Terminal

On Sunday, October 12, the public is invited to Historic Hoboken Terminal to join NJ TRANSIT in celebrating New Jersey’s rich railroad history with some of the agency’s iconic heritage locomotives and railroad equipment – all while learning about career opportunities available on the railroad. “Meet Our Rail Fleet” will be held on Sunday, October 12 from 10 a.m. to 4 p.m. near Track 17 in Hoboken Terminal. Admission is free.