NCRR Today
Recently, North Carolina Railroad Company added three new passing sidings over eight miles and centralized traffic control between Raleigh and Selma (30 miles) in order to increase capacity for both freight and passenger trains. The Company is also replacing several other bridges along the corridor to improve safety, efficiency, and speed. Other improvements made by the NCRR since 2001 include rail and bridge upgrades between Raleigh and Morehead City, NC at a cost in excess of $60 million. In 2010, the Company completed commuter rail investment and ridership studies for the segments between Goldsboro and Greensboro, through Raleigh.
Beginning in 2008, the North Carolina Railroad Company is working with the North Carolina Department of Transportation and Norfolk Southern to improve crossing safety on the eastern portion of the line by upgrading gates and crossing signals. The Company is also working with these parties to add or replace double track between Charlotte and Raleigh in an initiative to extend higher speed passenger rail south to Charlotte from Washington via Richmond, Virginia.
The North Carolina Railroad was instrumental in encouraging the economic development of North Carolina in the 19th century, helping to define new markets, new industries, and new cities and today NCRR continues to contribute to the state’s economy. The North Carolina Railroad carries over one million carloads of freight each year and about 300,000 passengers. Based on a 2007 study by the Research Triangle Institute, the North Carolina Railroad saves North Carolina industries $198 million in transportation costs annually, and the total impact on North Carolina economic output is $338 million annually. In 2005, in counties bordering NCRR tracks, industries using rail freight services accounted for $143 billion in output, more than 24% of North Carolina’s total economy. NCRR freight transportation also has environmental benefits, conveying $65.7 million in external benefits (cost savings).
Read more about this topic: North Carolina Railroad
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