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$257M Western Rail Initiative to bring NRV train service
Passenger train service will return to the New River Valley for the first time since 1979, Gov. Ralph Northam said Wednesday, announcing an agreement with Norfolk Southern Railway. The $257.2 million deal is an addition to the $3.7 billion rail expansion package the governor hailed in March as part of the Transforming Rail in Virginia program. […]
Norfolk Southern names new VP of government relations
Norfolk-based Norfolk Southern Corp. announced on Tuesday that its board of directors has elected Frank Voyack as the company’s vice president of government relations, effective May 1. Voyack succeeds Marque Ledoux, who is retiring after 18 years with the Fortune 500 freight railroad. In his new role, Voyack will lead Norfolk Southern‘s efforts in Washington, […]
Transportation
ED ALDRIDGE PRESIDENT, CMA CGM AMERICA LLP AND APL NORTH AMERICA, NORFOLK The CMA CGM Group serves 80% of the world’s commercial ports with a 502-vessel fleet and 110,000 employees. The American arm of its shipping and logistics company, based in Norfolk, has a workforce of more than 11,000 employees and serves 18 ports. In […]
TowneBank and CHKD buy Norfolk Southern Tower for $30M
UPDATED JULY 2 | Suffolk-based TowneBank and Children’s Hospital of the King’s Daughters (CHKD) have jointly purchased the 22-story Norfolk Southern Tower in downtown Norfolk from the Fortune 500 railroad corporation, which is in the process of migrating its corporate headquarters to Atlanta. The building sold for $30 million, according to city of Norfolk documentation […]
TowneBank moving closer to Norfolk Southern Tower purchase
Suffolk-based TowneBank is moving closer to purchasing the 22-story Norfolk Southern Tower, reaching an agreement to purchase a nearby downtown Norfolk parking garage for $8.5 million. TowneBank hopes to close on the parking garage and the Norfolk Southern building this summer, TowneBank spokesperson Joel Rubin said Thursday. TowneBank’s headquarters will remain in Suffolk. No sales price [[...]
Norfolk Southern moving Roanoke distribution center, locomotive shop to Pennsylvania
Norfolk-based Norfolk Southern Corp. (NS) is moving its Roanoke distribution center and locomotive shop operations to Pennsylvania, the company announced Tuesday, affecting a total of 104 employees in the Roanoke Valley area. The Fortune 500 rail transportation company will move those jobs and its associated work to Altoona, Pennsylvania, with 19 clerical positions eliminated. Roanoke’s [&he[...]
