This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Norfolk Southern Completes Major Upgrade Of Export Coal Facility

NORFOLK, Va., Nov. 29, 2012 /PRNewswire/ -- Norfolk Southern (NYSE: NSC) has completed a major upgrade to its Lamberts Point export coal transload facility in Norfolk, positioning it to remain the largest and fastest coal transload facility in the Northern Hemisphere. More commonly known simply as Pier 6, the facility transfers coal hauled by train from Appalachian coal fields to ships bound for world markets.

"This investment reflects our belief in the long-term prospects for the global coal market and Norfolk Southern's continuing pivotal role in that market," said Danny Smith, NS senior vice president-energy and property. "This helps assure that we will remain the premier link to the global market place for high grade metallurgical and thermal coals alike."

The $18-million upgrade, completed on schedule over a 90-day period beginning in August, involved major overhauls of the facility's dumper system, which transfers coal from rail cars to a conveyor system, and its two loaders, massive rolling structures that deliver the coal to the ships.

The dumper system consists of two pairs of dumpers, each pair handling two coal cars at a time, that rotate the cars 135 degrees and dump their contents into a conveyor system that transports the coal to the pier. The upgrade consisted of replacing the structural steel that supports the north set of dumpers and the hopper bins that funnel the coal onto the conveyor belts. The dumpers, at 500,000 pounds each, were lifted by cranes and placed on the ground. While the steel support structure was being replaced, the dumpers also received a complete electrical and mechanical overhaul. The south set of dumpers will receive the same upgrade in the spring of 2013.

New solid-state drives replaced the generator sets on the north dumper car pushers, which push loaded coal cars into position to be hoisted up onto the dumpers.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs