June 17, 2023 [Norfolk Southern]- Norfolk Southern recently sold 16.7 acres of land adjacent to one of the company’s rail facilities and an existing Colonial Terminals riverfront facility. The transaction will provide Colonial Terminals the ability to develop breakbulk infrastructure along the Savannah River and will support the creation of approximately 20 new jobs in the region.
“At Norfolk Southern, real estate assets are a strategic opportunity that we’re leveraging to drive smart, sustainable growth for our customers and our rail network,” said Norfolk Southern Vice President of Real Estate and Business Development Kathleen Smith. “This partnership furthers that mission, aligning our organizations to fulfill a critical supply chain need in the Southeast.”
The new facility, directly served by Norfolk Southern, should allow in excess of a million tons of throughput and support the development of a new wide-span berth expected to move steel, paper, and other forest products, but capable of handling any general breakbulk cargo. Breakbulk is a common method of moving goods that cannot fit in standard-size shipping containers or cargo bins. Instead, cargo is transported in bags, boxes, crates, drums and barrels, or by other methods.
“For nearly a century, Colonial Terminals has built its reputation by delivering world-class product handling services to dry and liquid bulk customers through our intermodal marine terminals,” said President of Colonial Terminals Ryan Chandler. “Leveraging our strategic infrastructure in partnership with Norfolk Southern to extend our reach into the breakbulk space is a logical next step for our high-service culture.”
Phase one of the project would see the construction of the berth and refurbishment of the existing warehouse facility, and phase two will support a new rail-served warehouse or outside storage complex. The berth is expected to be permitted in mid-July of 2023, with construction to commence shortly thereafter. The project is expected to be completed in late 2024 and cost more than $100 million.
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