I believe that NSC is making great progress in preparation for the completion of the Panama Canal. Does anyone know how CSX is coming along with it's preparations? Here's the latest on NSC's progress:
NSC Continues Expanding, Opens New Terminal.
9:00 am Norfolk Southern opens transfer terminal in Chesapeake to serve shippers of dry and liquid bulk commodities (NSC) : Co has opened a new Thoroughbred Bulk Transfer terminal in Chesapeake. Thoroughbred Bulk Transfer terminals are specialized facilities that allow customers to transfer a large array of commodities between rail cars and trucks. TBT terminals are owned by Norfolk Southern and operated by independent contractors that are industry experts in facilitating safe and efficient bulk transfer and distribution. The facilities allow customers without rail sidings to receive the benefits of rail economics and service quality.
I strongly anticipate that this terminal is a prelude in preparing for a lot of new business when the Panama Canal completes it's expansion in mid-2015. Here's why:
Less than three miles from downtown Norfolk, Va., with convenient access to Interstates I-264 and I-464 at 1305 Atlantic Blvd., the Chesapeake TBT also enjoys close proximity to rail-serving yards on Norfolk Southern's high-density main line. The Chesapeake TBT is strategically positioned to serve Hampton Roads-served markets as well as markets overseas with its close proximity to nearby container terminals.
CSX is building an intermodal network....that is second to none...yes they are ready. It also didn't hurt
that CSX has contracts with 7 of the 10 largest Container Ships in the WORLD. They also took away
from NSC the largest in world....Mearsk and also has the contract for largest shipper from Germany
to have lions share of traffic to move thru the Baltimore Port. CSX has completed 4 new terminals and
currently building 4 more..... Quebec and Winter Haven (Tampa area) to open in 2014. They have also
expanded numerous terminals, and expanding another 9 today. They also have a port in Norfolk.
CSX has 45 intermodal terminals currently and 8 with direct port access.
Nobody has to be a pig....both rails will prosper