NORFOLK, Va., Sept. 18, 2013 /PRNewswire/ -- Norfolk Southern today commemorated the fiftieth anniversary of the original dedication of Pier 6, its coal transloading facility in Norfolk, with a ceremony at Lamberts Point, where the railroad has been transferring coal directly from rail cars to ships for export for 130 years.
Pier 6 was completed in July 1963 and formally dedicated Sept. 18 that year. It was designed and built primarily to load ships bound for steel mills around the world with high-quality, metallurgical coal from the central Appalachian coal fields. It was then, and remains today, the largest and fastest coal transloading facility in the Northern Hemisphere and continues to dominate the U.S. export coal market.
Today's ceremony included remarks by Superintendent of Terminals Jeff Yates, retired Senior Vice President-International Bill Bales, retired Senior Piermaster Bob Welch, T. Parker Host CEO David Host, Norfolk Mayor Paul Fraim, Virginia Governor Bob McDonnell, and Norfolk Southern CEO Wick Moorman.
"Pier 6 was an engineering marvel 50 years ago, and it still is today," Moorman said. "No facility in the world provides the level and quality of service to the global metallurgical and thermal coal markets that Pier 6 does. We have every expectation that it will continue to fill that very large niche for decades to come."
Pier 6 is unique in its ability to blend coal from different sources to precise formulas as it is being loaded onto ships. It achieves this by dumping coal directly from rail cars into a conveyor system that feeds directly into ships' holds, in contrast to other facilities that store coal on the ground rather than in rail cars. This is a valuable service to receivers of metallurgical coal, who have exacting blend requirements and can receive the coal ready to use off the ship. Pier 6 also serves the thermal coal market.
Pier 6 was built at a cost of $25 million ($190 million in 2013 dollars). In the last five years, Norfolk Southern has invested more than $43 million to maintain and upgrade track and facilities at Lamberts Point, reflecting the company's confidence that, even given the challenges facing coal today, the global market will continue to require world-class service into the foreseeable future.
Fast Facts about Pier 6
Norfolk Southern Corporation (NYSE: NSC) is one of the nation's premier transportation companies. Its Norfolk Southern Railway Company subsidiary operates approximately 20,000 route miles in 22 states and the District of Columbia, serves every major container port in the eastern United States, and provides efficient connections to other rail carriers. Norfolk Southern operates the most extensive intermodal network in the East and is a major transporter of coal, automotive, and industrial products.
Connect with NS
Image with caption: "Pier 6." Image available at:
Image with caption: "One of Pier 6's shiploaders, rising 182 feet above water." Image available at: http://photos.prnewswire.com/prnh/20130918/MM82030-b
Image with caption: "Dumping coal at Norfolk Southern's Pier 6." Image available at: http://photos.prnewswire.com/prnh/20130918/MM82030-c
SOURCE Norfolk Southern Corporation
|EPIX Celebrates 50 Years of the Improv in the Original Documentary “The Improv: 50 Years Behind the Brick Wall” (2013/10/31)|
|AVX & AVNET CELEBRATE 50 YEARS OF SUCCESS (2013/8/5)|
|Blowing past its own records, Norfolk Southern's "pier without peer" sets new U.S. coal transload benchmark (2013/9/23)|
|Norfolk Southern coal vessel loading is Virginia's largest. Period. (2013/9/18)|
|Norfolk Southern's Exhibit Car tour celebrates corporate heritage and community involvement ()|
|Norfolk Southern Chief Operating Officer to address Jefferies Global Industrials Conference (2013/7/30)|
|Norfolk Southern President to address Credit Suisse Global Industrials Conference (2013/11/22)|
|Silicon Valley Bank Celebrates 30 Years of Fueling Innovation Around the World (2013/10/17)|
|PMA Announces World-Class Global Certification Program Delivering Seamless Wireless Charging Experience for Consumers (2013/10/15)|
|ManpowerGroup Celebrates 65 Years of Ensuring the Talent Sustainability of the World's Workforce (2013/10/25)|
|Start Premium Trial||Register For Free|
|P||F||Fund Financial Data (13,000+ funds)|
|P||F||Stock Financial Data (7,000+ stocks)|
|P||F||Stock and Fund Screeners (basic)|
|P||F||Investing Articles and Market Commentary|
|P||F||Articles Archive (>30 days)|
|P||F||Discuss (dozens of stock, fund, bond, and general bulletin boards)|
|P||F||Portfolio Manager (basic)|
|P||F||Morningstar Investment Classroom|
|P||F||Access Your Portfolio Anytime, Anywhere via Your Mobile Device|
|P||Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)|
|P||Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)|
|P||Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)|
|P||Portfolio Monitor (monthly and on-demand personalized portfolio statements)|
|P||Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)|
|P||Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters|
|P||Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)|
|P||Discounts on Morningstar newsletters, books, seminars, and more|
Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.
Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.