- Weak Dollar Adding $20 to Oil: Exxon CEO
- BA, Iberia Deal Like Two Staggering Drunks: Ryanair CEO
- Euro Zone Jumps Out of Recession in Third Quarter
- Saudi Arabia to Double Total Refining Capacity by 2015
- GM Still Wants State Aid for Opel Restructuring
- Obama to Outline Strategy to Boost US Exports to Asia
- Friday May See 'Risk Trade' Stalling; Dollar in Focus
- Disney Profit, Sales Top Street Forecasts; Shares Jump
- Dollar General IPO Prices at Low End, rue21 Above
- EXCERPTS and IMAGES: Warren Buffett & Bill Gates - Keeping America Great
- Microsoft's Bill Gates Praises Apple's Steve Jobs For 'Saving the Company'
- Gold Is a Bad Inflation Hedge—Like Oil: Stock Picker
- Intel's Andy Bryant Offers An Explanation
- US 'Actively Working' on Weaker Dollar: Fund Manager
- Options Boil on Biotech Buyout Rumors
- Warren Buffett's $100,000 Offer and $500,000 Advice for Columbia Business School Students
- Activision Blizzard's "Modern Warfare 2" Sales Break Records
- 5-Star Manager's 5 Stocks for Changing Markets
- Liberty Global to acquire Unitymedia for euro3.5 bln
- Airbus military transporter cleared for testing
- Japanese megabanks post mixed earnings
- Serbia buys 3 million Swiss swine flu vaccines
- US commerce secretary: Trade pacts must wait
- Hong Kong economy grows 0.4 percent in 3Q
- Finnish inflation rate lowest in half a century
- French economy expands 0.3 pct in Q3
- Chinese president pledges to boost domestic demand
Text Size 
PHILADELPHIA - Norfolk Southern said on Monday that it would spend a total of $11 million upgrading its Philadelphia Navy Yard to expand track and parking space.
The railroad said it will spend $6 million of its money, and is getting $5 million in aid from Pennsylvania. It said the expansion would create the capacity to handle more than 72,000 trailers and containers per year.
Construction is set to begin in mid-2010.
Norfolk Southern said the expansion is part of its multi-state Crescent Corridor initiative to build an intermodal freight route between the Gulf Coast and the Northeast. The project includes straightening curves, adding passing tracks, improving signals, and building new terminals.
Norfolk Southern shares fell 24 cents to $46.38 in afternoon trading.
Print
Email
- Warren Buffett and Bill Gates spoke to Columbia students, and Buffett made the students a startling offer.
- They may have wrecked their companies or saved our economy. Tell us what you think.
- Big pharma embraces social media, but how much should a tightly regulated sector say on Facebook or Twitter?
- A European dating site finds lovelorn singles from one country to be consistently uglier. Which is it?
- Contributor David Pogue looks at two of the latest efforts to perfect the digital pocket camera.
- PepsiCo is ramping up its onsite health facilities for workers.
Data is a real-time snapshot *Data is delayed at least 15 minutes