Norfolk Southern Corporation partnered with 120 companies to facilitate 159 industrial development projects in 2022. The projects expanded operations or created new facilities along the company’s rail network. Collectively, they represent $3.2 billion in investment and the creation of more than 3,940 new jobs.
Norfolk Southern’s sustainable supply chain offerings and geographic footprint are attracting companies focused on growth, all in response to new market demands. According to Area Development, a leading publication for site selectors, nine out of the top 10 states in which to do business are served by Norfolk Southern. In addition, several economic trends are supporting future growth for the company and its customers, including increasing electric vehicle production, growth of e-commerce, reshoring/onshoring, and a focus by businesses to reduce their carbon emissions.
Customers that Norfolk Southern provided industrial development support to included:
- Commercial Metals Company, as the company invests $450 million in Berkeley County, West Virginia for a new rebar steel mill.
- Packaging Corporation of America (PCA), as the company invests $440 million to produce linerboard used for corrugated packaging in Jackson, Alabama.
- Mark Anthony Brewing, as the company invests $400 million in a new state-of-the-art brewery and production facility in Richland, South Carolina.
- NewCold, as the company invests $333 million in building and operating an advanced, large-scale distribution facility in McDonough, Georgia.
- CONSOL Energy as the company invests $100 million to open the Itmann Preparation Plant in Itmann, West Virginia, to produce premium, low-vol metallurgical coking coal to serve the domestic and international steel markets.
- Fairwinds Landing as they invest $100 million in Norfolk, Virginia to transform Lambert’s Point Docks into a maritime operations and logistics center that supports the offshore wind, defense, and transportation industries.
Norfolk Southern has a strong project pipeline of customer initiatives in 2023 and beyond. These include 33 companies that have announced plans for a new production facility or a significant plant expansion along Norfolk Southern’s rail network – or with one of Norfolk Southern’s short-line partners. The announcements represent $30 billion in projected investment and are prime opportunities for business development. For example, in May of 2022, Hyundai Motor Group stated plans to invest $5.54 billion in Bryan County, Georgia for its first fully dedicated electric vehicle and battery manufacturing facility.
-via Press Release