Norfolk Southern To Make ~$200M Strategic Investments In Alabama, Expected To Yield Returns When They Come Online In 2025
Portfolio Pulse from Benzinga Newsdesk
Norfolk Southern Corporation (NYSE:NSC) is making a $200 million investment to enhance the 3B Corridor rail line in Alabama, which is expected to yield returns starting in 2025. This strategic move aims to boost capacity and support economic growth in the region.
August 01, 2024 | 5:07 pm
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Norfolk Southern Corporation is investing $200 million to enhance the 3B Corridor rail line in Alabama, which is expected to yield returns starting in 2025. This investment aims to increase capacity and support economic growth in the region.
The $200 million investment by Norfolk Southern is a significant move to enhance the 3B Corridor rail line in Alabama. This will likely improve the company's capacity and support economic growth in the region, which could positively impact NSC's revenues and stock price in the short term.
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