- Norfolk Southern Corp. NSC plans to reopen its intermodal facility in Greencastle, Pennsylvania.
- Greencastle facility, which was opened in January 2013 as part of the Crescent Corridor initiative, was idled in 2019 for business reasons.
- Norfolk Southern expects the added capacity at Greencastle to reduce terminal congestion and improve network fluidity across Pennsylvania.
- The Greencastle terminal has the capacity for an estimated 100,000 shipping container lifts annually. The first phase of traffic at Greencastle is expected to generate around 50,000 lifts.
- Effective Sept. 10, the railroad plans a gradual phase-in of business at the Franklin County Regional Intermodal Facility.
- Price Action: NSC shares are trading lower by 0.02% at $268.95 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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