Norfolk Southern is making notable advancements in its real estate strategy for 2024, with a focus on investments that support the growth of freight operations and meet customer demands. Here are the major developments:

“The active pipeline of $9 billion in customer investments along our network reflects the value businesses place in rail as a cornerstone of their supply chains,” said Norfolk Southern Executive Vice President and Chief Marketing Officer Ed Elkins. “As we look ahead to 2025, we are intensifying efforts to enhance our portfolio of development-ready sites, laying the groundwork so customers who select Norfolk Southern’s rail-served properties will benefit from accelerated speed-to-market along with sustainable and reliable transportation solutions.”

  • Steel and metals production
  • Plastics
  • Renewable fuels
  • Component manufacturing for power generation
  • Cold storage, food processing, and pet food production

Targeted Land Acquisitions
The company has committed $45.6 million to acquiring 523.7 acres of land across 14 states. This expansion is part of Norfolk Southern’s effort to boost the fluidity of its network, improve capacity, and unlock potential for future growth. These newly acquired properties will play a crucial role in enhancing the company’s infrastructure, ensuring it is well-positioned to meet the rising demand for freight transportation.

Optimizing Real Estate with Property Sales
Alongside its land acquisitions, Norfolk Southern has strategically sold 377 acres of land. The funds generated from these sales will be reinvested in cutting-edge projects, including the development of rail-integrated solutions such as warehouses, transload facilities, and environmental initiatives like carbon sequestration. These sales align with the company’s efforts to drive innovation while optimizing its land assets for long-term growth.

These strategic moves reflect Norfolk Southern’s dedication to strengthening its infrastructure and improving its capabilities to meet the growing demands of the freight and logistics industries in 2024 and the years ahead.

“These designations underscore Norfolk Southern’s dedication to making site selection easier for companies that rely on rail to meet their supply chain needs,” said Craig Hudson, GVP of Industrial Development at Norfolk Southern. “By investing in development-ready sites across our network, we are helping companies make informed decisions, positioning them in locations optimized for rail connectivity and logistical efficiency. This approach not only supports their growth but also strengthens the economic vitality of the communities we serve.”

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