Norfolk Southern’s Memphis Regional Intermodal Facility Is Awarded $52.5 Million Tiger Grant From U.S. Department of Transportation
NORFOLK, Va. — Norfolk Southern’s (NYSE: NSC) planned Memphis Regional Intermodal Facility was awarded $52.5 million from the U.S. Dept. of Transportation under the American Recovery and Reinvestment Act of 2009, Transportation Investment Generating Economic Recovery (TIGER) Program. In July 2009, Norfolk Southern announced that it intended to construct a new intermodal terminal in Rossville, Tenn., as part of the railroad’s multi-state $2.5 billion Crescent Corridor program of projects to establish a high-speed intermodal freight rail route linking the Gulf Coast and the Northeast. “Because of its strategic location and the growing intermodal demands in the Southeast, the Memphis Regional