Subscribe to our free, weekly email newsletter!


Norfolk Southern breaks ground on its new Memphis Regional Intermodal Facility


May 02, 2011

Class I railroad carrier Norfolk Southern last week broke ground on its new Memphis Regional Intermodal Facility in Rossville, Tenn.

Company officials said the $105 million facility is part of the $2.5 billion Crescent Corridor initiative. It is expected to be open in late 2012 and will be built on 380 acres. It is expected to create 6,200 jobs in the Memphis region over the next ten years and is expected to handle 327,000 containers and trailers annually.

NS added that this terminal will use sophisticated gate and terminal automation technology that is said shortens waiting time for trucks entering the terminal and reduces emissions and improves truck driver productivity.

Launched in June 2007, the Crescent Corridor is a public-private partnership (PPP) to build a rail corridor spanning from Louisiana to New Jersey. NS officials said this endeavor will expand and improve its rail network from the northeast to the southeast, expedite the delivery of cargo shipments, and reduce highway congestion by diverting truck traffic. When it is completed, NS said it will stretch across 2,500 miles from New Orleans to Newark, N.J. and run through New Jersey, Pennsylvania, Virginia, Maryland, North Carolina, South Carolina, Tennessee, Georgia, Alabama, and Louisiana.

The Crescent Corridor’s first phase is expected to be completed by 2013.

The Memphis Regional Intermodal Facility, said NS, is the second of four new intermodal terminals that are part of the Crescent Corridor initiative that will be constructed or improved over the next two years. The other facilities are in Birmingham, Ala. (expected to be open in late 2012); Charlotte, N.C.; and Greencastle, Pa.

The Memphis facility received $52.5 million from the U.S. Dept. of Transportation under the American Recovery and Reinvestment Act of 2009, Transportation Investment Generating Economic Recovery (TIGER) Program, and the Birmingham facility received $105 million in TIGER funding.

“This corridor is focused on increasing rail capacity for freight currently moving by truck,” NS spokesperson Susan Terpay told LM. “And to be able to do that, we need to have these terminals up and running. We are still in the process of constructing the terminals to accomplish that task.”

NS cited the following as benefits of the Crescent Corridor upon its completion:
-$326 million in tax revenues to states and communities;
-1.3 million long-haul trucks diverted from interstates;
-$146 million in accident avoidance savings;
-1.9 million tons in CO2 reduction;
-$575 million in congestion savings;
-$92 million in highway maintenance savings; and
-169 million gallons in fuel savings.

For related stories, please click here.

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Shippers and other ocean cargo carrier stakeholders should be cheering the announcement made today by The U.S. Coast Guard, as it formally notified the International Maritime Organization through a Declaration of Equivalency that the United States position on SOLAS is that there are multiple methods to submit the combined cargo and container weight (Verified Gross Mass or VGM).

The proposed $4.8 billion acquisition of TNT Express N.V. by FedEx took a major step closer to becoming official today, with the company and TNT announcing today that they have received unconditional approval of the offer from the Ministry of Commerce People’s Republic of China (MOCFCOM).

March shipments at 798,180 trailed February by 12 percent and were down 19 percent annually. For the entire first quarter, shipments were relatively flat annually, rising 0.27 percent to 2,587,988.

OCEMA says it has placed a priority on working with other stakeholders to find operational solutions that will help U.S. exporters, carriers, and marine terminals prepare for the implementation of the SOLAS Verified Gross Mass (VGM) rule.

The first quarter is typically the slowest period of freight demand for LTL carriers. With a few notable exceptions, that was reflected in first quarter earnings reports of the major publicly held LTL carriers.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA