Eastern railroad Norfolk Southern Corp. (NYSE:NSC) made it official today and said it will relocate its headquarters to Atlanta from Norfolk.
The relocation, which is expected to take a couple of years, was finalized after the Atlanta City Council signed off a deal for the railroad to sell its property in Atlanta’s downtown Gulch development to CIM Group, a real estate company.
CEO James A. Squires told the Atlanta Business Chronicle that the company will relocate 100 employees next year into temporary offices at its current Atlanta location. The remaining 400 will move in 2021 when its new headquarters building, in Atlanta’s lower midtown area, is expected to be completed, Squires told the paper. Norfolk Southern is in discussions to purchase a site in an area near the campus of Georgia Tech.
About 2,025 employees are housed at the company’s existing complex, in the Colony Square business area of midtown Atlanta north of the new building.
Another 350 field employees will be moved to the new facility.
Aside from the benefits of consolidating corporate workers at one location, the large number of flights at Hartsfield-Atlanta International Airport, the world’s biggest for passenger traffic, was a key factor in the move, Squires said.
Although it’s still early yet, there are indications that Cyclone Veronica may have adversely affected freight infrastructure along Australia’s north west coast – where some of the world’s largest iron ore export ports are located.
It was largely a further slide down the slippery slope for the Shanghai Shipping Exchange’s China Containerized Freight Index, week ending March 22. Rates on nearly all seaborne containerized routes were down compared to the week before. Rates were also largely down on the benchmark containerized routes as compiled by Drewry Maritime Advisors.
More drama in the UK Parliament as three junior ministers join 30 Tory rebels to hand the Conservative Government yet more defeats in the Brexit process.
Hwy Haul is a freight logistics startup that uses data science and optimization algorithms to connect carrier capacity with freight volumes over a digital trucking marketplace.
Drone Delivery Canada’s expanded offering brings C$10 million – a month after announcement of long-range Condor model.
As the British Parliament votes on the Government’s motion for the Withdrawal Agreement, Prime Minister Theresa May heads for another defeat as Parliament is expected to take control of Brexit in today’s votes.
Coach Your Drivers to Safety and Success Coaching drivers—with video—is the best way to improve safety in your fleet. Not only will you experience fewer collisions (and near collisions), but you’ll experience savings throughout your fleet and an improved safety culture. Download this free eBook to learn how to make coaching a part of your safety culture. And if you’re already coaching, take it to the next level with the 15 bonus tips included in this free eBook
Nikola Motors is setting up its hydrogen truck manufacturing plant in Arizona, which is expected to roughly bring about 2,000 jobs by 2024.
Southwest surfed the volatility in petroleum markets and maintained a strong financial position by aggressively hedging jet fuel.
Changing trading patterns have seen volumes at the port of Gioia Tauro decline. Its only remaining customer, MSC, is expected to successfully conclude more than two years of talks to acquire the facility in the coming weeks.