Tuesday May 18, 6:01 am Eastern Time
Company Press Release
SOURCE: Norfolk Southern Corporation
Norfolk Southern and New York Cross Harbor Sign Agreement for Terminal Access
NORFOLK, Va., May 18 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC - news) today announced that it has signed an agreement with New York Cross Harbor Railroad (NYCH), an operating subsidiary of New York Regional Rail Corporation (OTC Bulletin Board: NYRR - news), to provide exclusive access to NYCH's new bulk terminal facility to be located at NYCH's Bush Terminal Rail Yard in Brooklyn, N.Y., beginning June 1.
The terminal will be marketed by NYCH, Liberty Transmodal Inc. and Norfolk Southern. Under the agreement, Norfolk Southern will interchange freight with NYCH at NYCH's Greenville Yard in Jersey City, N.J. NYCH will transport the rail cargo via tug-propelled car floats across New York Harbor to the bulk terminal in Brooklyn.
The new facility, which is under construction, will be operated by Liberty Transmodal and will be open to all qualified motor carriers. The terminal will handle shipments of edible oils, plastic pellets and food products, which travel long distances by rail, with local truck pickup and delivery throughout New York City and Long Island.
Bulk transfer permits off-line shippers and receivers of varied commodities to combine the long-haul and regional efficiencies of rail with the convenient door-to-door delivery of truck.
The facility will feature 124 car spots, complete paving, security, full fencing, lighting, a truck scale, 24-hour access, full-time personnel and an office building.
''We are targeting non-rail customers who currently use over-the-road motor carriers,'' said Jim Brannon, general manager of Distribution Services for Norfolk Southern. ''This new service should help reduce truck traffic over the Hudson River bridges by substituting rail/carfloat/truck service for all- truck movements. This is one of many new Conrail transaction-related opportunities that will help increase competition for New York City transportation service users east of the Hudson River.''
Norfolk Southern and NYCH signed a freight handling agreement in November 1998 in anticipation of the expansion of Norfolk Southern's rail network into the New York area.
W. Robert Bentley, president of the New York Cross Harbor Railroad, said, ''I am pleased by this most recent development in our expanding partnership with Norfolk Southern. We believe that this new service offering of transload bulk operations will add to our intermodal capacities and allow the NYCH/NS to attract greater volumes of rail freight to this region and to our unique rail-freight marine system.
''We join our long-haul partner, Norfolk Southern, in the ongoing cause for regional modal balance and improved goods movement between and within New York and New Jersey,'' Bentley said.
Norfolk Southern Corporation, a Virginia-based holding company with headquarters in Norfolk, owns a major freight railroad, Norfolk Southern Railway Company, which operates 14,400 miles of road in 20 states and the Province of Ontario. After June 1, 1999, when the railroad begins operating a portion of Conrail's lines, the system will extend over approximately 21,600 miles of road in 22 states, the District of Columbia and the Province of Ontario.
The only rail freight marine operation in the Northeast, New York Cross Harbor Railroad transports rail cars via tug-propelled car floats between its Greenville Yard in Jersey City, N.J., and the Brooklyn waterfront. The system takes 35-45 minutes to cross the harbor and 20 minutes for loading or unloading on either side, creating a direct conduit for freight to reach the New York City and Long Island marketplace.
SOURCE: Norfolk Southern Corporation
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