Norfolk Southern’s new initiative to provide expedited service between the East and West coasts with three partners — ocean carrier Hapag-Lloyd, western U.S. Class I counterpart Union Pacific and the Port of Virginia — suggests the four parties are seeking opportunities to maximize recent capital investments while also addressing ongoing congestion.
NS (NYSE: NSC) said the partnership, named OceaNS Bridge Express, will provide shippers a new option to reach West Coast markets. The service will...