Benzinga | Aug 13, 2021 03:05PM EDT

Norfolk Southern To Reopen Intermodal Facility In Greencastle, Pennsylvania

* Norfolk Southern Corp. (NYSE: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.