Rail News Home Norfolk Southern Railway 8/16/2021 Rail News: Norfolk Southern Railway
Norfolk Southern Railway late last week announced plans to reopen its intermodal facility in Greencastle, Pennsylvania, to create capacity to support economic growth and help ease supply-chain congestion that has slowed the flow of commerce across all modes of the U.S. transportation sector.Effective Sept. 10, the railroad plans a gradual phase-in of business at the Franklin County Regional Intermodal Facility, starting with domestic intermodal traffic that currently moves between NS intermodal facilities in Memphis, Tennessee, and Rutherford in south-central Pennsylvania. Greencastle will provide additional terminal capacity and help to improve service as demand continues to grow, NS officials said in a press release."With strong growth in volume driven by e-commerce and a recovering economy, we believe the timing is right to bring our Greencastle facility back online," said Executive Vice President and Chief Marketing Officer Alan Shaw.NS opened the Greencastle facility in January 2013 as part of its Crescent Corridor initiative, a public-private partnership designed to convert freight from highway to rail to ease congested roadways and reduce carbon emissions while creating opportunities for jobs and economic development.Under the initiative, the railroad also constructed intermodal terminals in Birmingham, Alabama; Charlotte, North Carolina; and Memphis. The railroad idled the Greencastle terminal in 2019 for business reasons, while leaving open the possibility of resuming operations if market conditions changed, NS officials said.
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It didn’t take long for Kansas City Southern’s board to consider Canadian Pacific’s sweetened merger offer.
Just two days after CP presented the higher bid, KCS’ board determined it doesn’t constitute a “superior proposal” to CN’s competing bid and could not reasonably be expected to lead to a superior proposal. The board came to that conclusion following a “careful and thorough review” in consultation with outside financial and legal advisors, KCS officials said in a press release.