STOCK TITAN

Norfolk Southern installs efficient, hybrid-powered cranes at Chicago and Atlanta intermodal terminals

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Norfolk Southern Corporation (NYSE: NSC) has installed five new diesel-electric hybrid overhead gantry cranes at its intermodal terminals in Chicago and Atlanta. These cranes are designed to improve fuel efficiency and reduce emissions. Initially introduced in 2021, the hybrid technology decreases fuel use during freight movement. The company estimates that converting its remaining traditional cranes could save around 30 million gallons of fuel and reduce emissions by over 300,000 metric tons over 20 years. Recently recognized with a climate change Leadership rating, Norfolk Southern continues to advance its sustainability efforts.

Positive
  • Installation of five new hybrid cranes enhances sustainability and reduces emissions.
  • Estimated savings of 30 million gallons of fuel and reduction of 300,000 metric tons of emissions over 20 years from crane conversion.
  • Hybrid cranes are more reliable with less maintenance downtime, improving operational efficiency.
Negative
  • None.

ATLANTA, Jan. 27, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) has completed the installation of five additional new diesel-electric hybrid overhead gantry cranes at Chicago's Lander's and Atlanta's Inman intermodal terminals. The fuel-efficient cranes further the company's sustainability efforts by increasing fuel efficiency in terminal operations and reducing air emissions.

The company first introduced five hybrid Konecranes into its operations in 2021 at its 47th Street intermodal facility in Chicago. The technology used in the cranes helps to reduce the amount of fuel used while moving freight. The hybrid cranes are operated with electrical power from a battery and a diesel generator. During normal use, power is drawn exclusively from the battery. Energy from braking is stored and then used to recharge the battery. During peak use, power is drawn from the battery and diesel generator in parallel.

"We initially sought hybrid-powered cranes for their fuel efficiency, and, in turn we experienced not only sustainability gains, but found they are far more reliable as well," said Jeff Heller, vice president of intermodal and automotive for Norfolk Southern. "As our team conducted a technology audit to explore replacement opportunities, we found the high-tech hybrids also minimize the need for repairs and require less down time than traditional cranes. This helps minimize delays related to cranes being down, and in turn improves reliability for our customers."

The 60-foot-tall cranes are designed to work over one or two rail tracks along with two truck lanes at rail yards that serve the Chicago and Atlanta areas. Crane operators use computer tracking to locate a container and maneuver the lifting machinery to move containers from rail to truck, and vice-versa.

"By integrating these diesel-electric hybrid cranes into our intermodal facility operations we are leveraging technology and efficiency to help us meet our sustainability goals," said Josh Raglin, chief sustainability officer for Norfolk Southern. "Rail is already the most sustainable way to move freight over land, and equipment upgrades like this provide additional long-term emissions reductions that ultimately help us and our customers become even more efficient in our operations."

The company's long-term goal is to convert its remaining 58 traditional overhead gantry cranes, located at numerous facilities across its 22-state network, to hybrid power or fully electric over the next decade. Through this conversion Norfolk Southern estimates that it could achieve approximately 30 million gallons of fuel savings and reduce over 300,000 metric tons of emissions over the preceding 20 years, when all of its cranes are fully replaced.

This project contributes to the company's overall carbon reduction solutions as outlined in Norfolk Southern's 2021 Environmental, Social, Governance (ESG) report. Recently, the CDP, the leading carbon disclosure system for the global businesses community, awarded Norfolk Southern a climate change Leadership rating for the company's work in reducing emissions across its total carbon footprint. The company made a 7% reduction in carbon emissions intensity in 2020 alone.

More information on the company's various sustainability initiatives can be found here.

About Norfolk Southern
Norfolk Southern Corporation (NYSE: NSC) is one of the nation's premier transportation companies, moving the goods and materials that drive the U.S. economy. Norfolk Southern connects customers to markets and communities to economic opportunity, with safe, reliable, and cost-effective shipping solutions. The company's service area includes 22 states and the District of Columbia, every major container port in the eastern United States, and a majority of the U.S. population and manufacturing base.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/norfolk-southern-installs-efficient-hybrid-powered-cranes-at-chicago-and-atlanta-intermodal-terminals-301470015.html

SOURCE Norfolk Southern Corporation

FAQ

What recent sustainability initiative has Norfolk Southern (NSC) undertaken?

Norfolk Southern has installed five new diesel-electric hybrid cranes at its terminals in Chicago and Atlanta to enhance fuel efficiency and reduce emissions.

How much fuel does Norfolk Southern estimate to save with crane upgrades?

The company estimates that converting its traditional cranes could save approximately 30 million gallons of fuel over 20 years.

What emissions reduction target does Norfolk Southern (NSC) aim for?

Norfolk Southern aims to reduce over 300,000 metric tons of emissions over the next 20 years through crane upgrades.

How do the new cranes impact Norfolk Southern's operations?

The hybrid cranes minimize downtime because they require less maintenance, thereby improving overall reliability and efficiency in operations.

Norfolk Southern Corp.

NYSE:NSC

NSC Rankings

NSC Latest News

NSC Stock Data

59.47B
226.24M
0.07%
77.73%
0.91%
Railroads
Railroads, Line-haul Operating
Link
United States of America
ATLANTA