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About NCRR

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Message from the Chairman

Annual Report


 

Message from the Chairman

To Friends of the North Carolina Railroad Company:

Keeping progress on the right track—that’s a big job when you look at all the work that needs to be done to repair, upgrade and manage the 317-mile North Carolina Railroad corridor. When the Directors and staff of NCRR accepted responsibility for improving the railroad, we knew it would require modernizing the track, recording the associated properties and remodeling and improving existing structures for economic development purposes. Because we have limited funds to use for improvements and because any transportation infrastructure work is expensive, we developed a plan.

The Corridor Improvement Plan, explained in more detail on page 7, is the result of a careful assessment of the railroad by industry experts, including structural and mechanical engineers, signaling specialists and construction consultants. Working closely with NCRR staff, Norfolk Southern and the Department of Transportation’s Rail Division, we chose a list of priority projects that would move the railroad’s mission forward. That mission requires that we use our resources to enhance passenger and freight service and use the railroad and its properties to promote economic development.

This year we are halfway through the list that first appeared in the 2001 Annual Report. So far, we have invested or committed about $60 million in these improvements. They are paying off for the state as freight service increases both on the part of NCRR which serves as the mainline for Norfolk Southern and for the improved eastern North Carolina segment. Norfolk Southern’s Eastern Carolina Business Unit does more than half of its business on the NCRR line, carrying some 69,000 carloads in 2003 and increasing service to grain producers for short haul service as the year closed. Service between Raleigh and Goldsboro is growing, too, because of the line’s proximity and access to Interstate 95, Interstate 40 and rail access to both eastern Class I rail carriers, NS and CSX. Improvements from the program have benefited passenger service, too. Trains travel at 79 miles per hour—the passenger limit—on many segments.

Two major bridges on the NCRR are under reconstruction. All but 17 miles of the NCRR line are continuously welded rail. With regard to real estate assets, it is fitting that the first property that NCRR has restored is the only remaining building of its original Company Shops complex. The other completed project is The Depot, located in downtown Raleigh’s Warehouse District. Maintaining original design components, such as Belgian Paver stones that line the parking lot and the clerestory windows that light the interior, have allowed the building to retain its unique character. Modern up fitting will allow tenants to operate in cutting edge comfort. See the completion of these award-winning redevelopment projects on pages 10–11.

Looking ahead, much work remains. As with any complex infrastructure, there is no one point where all the work is finished. Constant upgrades and improvements are required to serve the growing transportation needs of a dynamic population. Transportation plays a crucial role in the creation of new jobs and increased economic diversity. The North Carolina Railroad plays a critical and growing role in the state’s transportation system. The potential is here. We’re developing it now.


J. Bradley Wilson
Chairman of the Board

This message is taken from the North Carolina Railroad 2003 Annual Report

 

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