Norfolk Southern Corporation will construct a new intermodal terminal at the former Philadelphia Navy Yard. The new terminal, to be built at an estimated cost of $16 million, will be capable of handling 60,000 lifts annually.
While the terminal initially will occupy approximately 50 acres, more than 160 acres of property at the Navy Yard have been committed to support future intermodal and non-intermodal rail operations.
The railway is hopeful that construction will begin later this year and be
completed in 2004.
“Our new intermodal terminal at the Navy Yard firmly anchors Norfolk Southern in the transportation future of southeastern Pennsylvania, southern New Jersey and northern Delaware. We believe the new facility will stimulate industrial development opportunities at the Navy Yard, which could extend to other parts of the Delaware Valley. The improved competitive balance between freight railroads servicing the Philadelphia region, as the direct result of the new Navy Yard facility, will lead to enhanced service options for shippers as well as the Port of Philadelphia,” said David R. Goode, Norfolk Southern’s chairman, president and chief executive officer.
In the past two years, Norfolk Southern has enhanced intermodal service in the Lehigh Valley, at Bethlehem, Pa., and has opened new intermodal terminals in Harrisburg, Pa.; Austell and Savannah, Ga.; and Cleveland, Ohio.
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