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Article: Norfolk Southern and New York Cross Harbor Sign Agreement for Terminal Access.
- Article from:
- PR Newswire
- Article date:
- May 18, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NORFOLK, Va., May 18 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced that it has signed an agreement with New York Cross Harbor Railroad (NYCH), an operating subsidiary of New York Regional Rail Corporation (OTC Bulletin Board: NYRR), to provide exclusive access to NYCH's new bulk terminal facility to be located at NYCH's Bush Terminal Rail Yard in Brooklyn, N.Y., beginning June 1.
The terminal will be marketed by NYCH, Liberty Transmodal Inc. and Norfolk Southern. Under the agreement, Norfolk Southern will interchange freight with NYCH at NYCH's Greenville Yard in Jersey City, N.J. NYCH will transport the rail cargo via tug-propelled ...