Norfolk Southern's Crescent Corridor Endorsed by Retail Industry Leaders Association
January 14 2010 - 9:30AM
PR Newswire (US)
NORFOLK, Va., Jan. 14 /PRNewswire-FirstCall/ -- Norfolk Southern's
(NYSE: NSC) Crescent Corridor Intermodal Freight Project has
received the endorsement of the Retail Industry Leaders Association
(RILA). As noted in a letter dated December 16, 2009, from
Katherine Lugar, RILA's Executive Vice President, Public Affairs to
U.S. Secretary of Transportation Ray LaHood: "I believe this
project is an effective and efficient use of public and private
funds. It is a bold example of our nation's potential that exists
if we set our sights on a more balanced approach to funding our
nation's transportation needs. As you are aware, existing
transportation resources are proving inadequate. This project will
provide a new intermodal corridor with the ultimate potential to
remove over 1 million trucks a year from our already strained
national interstate highway system in the South and Northeast. Most
importantly, these improvements can be completed within an 18 month
timeframe." RILA is the trade association of the world's largest
and most innovative retail companies. RILA members include more
than 200 retailers, product manufacturers, and service suppliers,
which together account for more than $1.5 trillion in annual sales,
millions of American jobs and operate more than 100,000 stores,
manufacturing facilities and distribution centers domestically and
abroad. A complete copy of RILA's letter of support can be found
at: http://www.nscorp.com/nscorphtml/pdf/letter.pdf. RILA joins a
broad spectrum of supporters for Norfolk Southern's Crescent
Corridor, including 60 U.S. senators and representatives, the
leading business associations for Alabama, Maryland, North
Carolina, Pennsylvania, Tennessee, and Virginia, along with the
Southern Alliance for Clean Energy, A Greener Gulf Coast, the
Southeast Energy Efficiency Alliance, the Pennsylvania
Environmental Council, the Virginia Chapter of the Sierra Club, and
the Mississippi Association of Resource Conservation and
Development Councils. "The fact that our Crescent Corridor project
is currently supported by more than 200 federal, state and local
government officials, major companies, metropolitan planning
organizations, and trade and environmental associations is a
testament to its importance for our economy, environment, and
national transportation network," said NS CEO Wick Moorman. "We are
extremely grateful for the widespread support the project has
received to date, and we look forward to working with the U.S.
Dept. of Transportation to maximize the opportunities the Crescent
Corridor will deliver to the nation." The Crescent Corridor is an
existing 2,500-mile rail network supporting the supply chain from
Memphis and New Orleans to New Jersey designed to handle more rail
freight traffic faster and more reliably, creating or benefiting
some 73,000 green jobs by 2030, and producing these estimated
annual benefits: -- $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 -- 169 million
gallons in fuel savings This past September, lead state
Pennsylvania, joined by Alabama, Mississippi, Tennessee, and
Virginia, applied for federal stimulus money under the American
Recovery and Reinvestment Act of 2009, Transportation Investment
Generating Economic Recovery (TIGER) Program. The application seeks
$300 million in support of new independent intermodal facilities at
Memphis, Birmingham, and Franklin County, Pa.; and the expansion of
intermodal terminals in Harrisburg and Philadelphia. Track
improvements in the five partner states will include 10 passing
tracks, 557 individual speed improvements, and 393 miles of track
improved with upgraded rail. For more information about the
Crescent Corridor Intermodal Freight Project, visit
http://www.thefutureneedsus.com/. Norfolk Southern Corporation is
one of the nation's premier transportation companies. Its Norfolk
Southern Railway subsidiary operates approximately 21,000 route
miles in 22 states and the District of Columbia, serves every major
container port in the eastern United States, and provides efficient
connections to other rail carriers. Norfolk Southern operates the
most extensive intermodal network in the East and is a major
transporter of coal and industrial products. DATASOURCE: Norfolk
Southern Corporation CONTACT: Media, Rudy Husband, +1-610-567-3377,
, or Investors, Leanne Marilley, +1-757-629-2861, , both of Norfolk
Southern Web Site: http://www.nscorp.com/
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