Norfolk Southern Corporation (NYSE: NSC) partnered with 62 customers to complete strategic industrial development projects in 2023. The projects expanded operations or created new facilities along Norfolk Southern’s rail network. Collectively, the projects represent $3.1 billion in investment and the creation of more than 4,150 new jobs.
“Norfolk Southern worked with customers and economic development partners to facilitate broad-based industrial development in 2023 and set the stage for growth in 2024,” said Executive Vice President and Chief Marketing Officer Ed Elkins. “Our 2023 project list, and 2024 pipeline, reflect our ability to serve a diverse customer portfolio with our expanding supply chain offerings. We’re making further productivity enhancements – demonstrating to our existing and prospective customers that Norfolk Southern is a safe, reliable, and efficient railroad, and a partner for growth.”
Scout Motors tapped Norfolk Southern’s industrial development and automotive logistics expertise in 2023, as the company announced it will invest $2 billion in Richland County, South Carolina, for a new electric vehicle automotive manufacturing facility.
“Scout Motors is planning a state-of-the-art production facility in South Carolina that brings together cutting-edge automotive manufacturing technology and logistics operations,” said Vice President of Growth at Scout Motors Cody Thacker. “Norfolk Southern is an important link in the supply chain for Scout Motors that served as a valuable early planning partner and collaborator. Incorporating inbound and outbound rail service will allow Scout Motors to sustainably handle rapid production growth, to remain sensitive to the communities surrounding the plant, and to deliver hundreds of thousands of Scout trucks and SUVs to consumers across America.”
Adding to the robust opportunity created by Scout Motors, other electric vehicle (EV) activity located along Norfolk Southern lines, or with a short line…
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