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Norfolk Southern's Brosnan Forest Provides Timber for New Academic Building at Clemson University

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Norfolk Southern has announced it will provide longleaf pine timber from its Brosnan Forest preserve for Clemson University's new Department of Forestry and Environmental Conservation building. The 14,400-acre preserve near Charleston will supply the majority of wood for this state-of-the-art facility. The project marks the first application of blockchain technology in mass timber construction, using Chainparency's GoTrace platform to track the timber supply chain. Norfolk Southern has supported Clemson with over $50,000 in grants and gifts over the past five years, employing more than forty alumni. The project aims to showcase sustainable building practices and preserve the longleaf pine ecosystem, which has declined from 90 million to just three million acres in the Southeast.

Norfolk Southern ha annunciato che fornirà legno di pino longleaf dalla sua riserva Brosnan Forest per il nuovo edificio del Dipartimento di Silvicoltura e Conservazione Ambientale dell'Università di Clemson. La riserva di 14.400 acri vicino a Charleston fornirà la maggior parte del legno per questa struttura all'avanguardia. Il progetto segna la prima applicazione della tecnologia blockchain nella costruzione in legno massiccio, utilizzando la piattaforma GoTrace di Chainparency per monitorare la catena di fornitura del legno. Norfolk Southern ha sostenuto Clemson con oltre 50.000 dollari in sovvenzioni e donazioni negli ultimi cinque anni, impiegando più di quaranta ex studenti. Il progetto mira a mettere in mostra pratiche edilizie sostenibili e a preservare l'ecosistema del pino longleaf, che è diminuito da 90 milioni a sole tre milioni di acri nel Sud-est.

Norfolk Southern ha anunciado que proporcionará madera de pino longleaf de su reserva Brosnan Forest para el nuevo edificio del Departamento de Silvicultura y Conservación Ambiental de la Universidad de Clemson. La reserva de 14,400 acres cerca de Charleston suministrará la mayor parte de la madera para esta instalación de vanguardia. El proyecto marca la primera aplicación de la tecnología blockchain en la construcción de madera masiva, utilizando la plataforma GoTrace de Chainparency para rastrear la cadena de suministro de la madera. Norfolk Southern ha apoyado a Clemson con más de 50,000 dólares en subvenciones y donaciones en los últimos cinco años, empleando a más de cuarenta exalumnos. El proyecto tiene como objetivo mostrar prácticas de construcción sostenibles y preservar el ecosistema del pino longleaf, que ha disminuido de 90 millones a solo tres millones de acres en el sureste.

노퍽 서던(Norfolk Southern)은 클렘슨 대학교의 새 산림 및 환경 보존학과 건물을 위해 브로스난 숲(Brosnan Forest) 보호구역에서 롱리프 파인 목재를 제공할 것이라고 발표했습니다. 찰스턴 근처의 14,400에이커 보호구역은 이 첨단 시설에 필요한 목재의 대부분을 공급합니다. 이 프로젝트는 대량 목재 건설에서 블록체인 기술의 첫 적용을 의미하며, Chainparency의 GoTrace 플랫폼을 이용해 목재 공급망을 추적합니다. 노퍽 서던은 지난 5년간 50,000달러 이상의 보조금과 기부로 클렘슨을 지원했으며, 40명 이상 졸업생을 고용하고 있습니다. 이 프로젝트는 지속 가능한 건축 관행을 보여주고, 9천만 에이커에서 단 3백만 에이커로 감소한 롱리프 파인 생태계를 보호할 목표를 가지고 있습니다.

Norfolk Southern a annoncé qu'il fournirait du bois de pin longleaf de sa réserve Brosnan Forest pour le nouveau bâtiment du Département de Foresterie et de Conservation de l'Environnement de l'Université de Clemson. La réserve de 14 400 acres près de Charleston fournira la majorité du bois pour cette installation de pointe. Le projet marque la première application de la technologie blockchain dans la construction en bois massif, utilisant la plateforme GoTrace de Chainparency pour suivre la chaîne d'approvisionnement en bois. Norfolk Southern a soutenu Clemson avec plus de 50 000 dollars en subventions et dons au cours des cinq dernières années, employant plus de quarante anciens élèves. Le projet vise à mettre en avant des pratiques de construction durables et à préserver l'écosystème du pin longleaf, qui a diminué de 90 millions à seulement trois millions d'acres dans le sud-est.

Norfolk Southern hat angekündigt, dass es Langblatt-Kiefernholz aus seinem Brosnan Forest-Reservat für das neue Gebäude der Abteilung für Forstwirtschaft und Umweltkonservierung der Clemson University bereitstellen wird. Das 14.400 Acre große Reservat in der Nähe von Charleston wird den Großteil des Holzes für diese hochmoderne Einrichtung liefern. Das Projekt markiert die erste Anwendung von Blockchain-Technologie im Massivholzbau, wobei die GoTrace-Plattform von Chainparency zur Verfolgung der Lieferkette für Holz genutzt wird. Norfolk Southern hat Clemson in den letzten fünf Jahren mit über 50.000 Dollar an Stipendien und Geschenken unterstützt und mehr als vierzig Alumni beschäftigt. Das Projekt zielt darauf ab, nachhaltige Baupraktiken zu demonstrieren und das Lebensraum der Langblatt-Kiefer zu erhalten, der von 90 Millionen auf nur noch drei Millionen Acres im Südosten geschrumpft ist.

Positive
  • Strategic partnership with Clemson University strengthens workforce development pipeline
  • $50,000 in grants and gifts to Clemson University over past five years
  • Implementation of innovative blockchain technology for supply chain tracking
  • Sustainable forestry practices contributing to environmental conservation
Negative
  • None.

Insights

This news item, while showcasing Norfolk Southern's environmental initiatives and educational partnerships, has minimal direct financial impact on the company's stock value. The timber donation and $50,000 in grants over five years represent an insignificant portion of Norfolk Southern's 58.25B market cap. While the blockchain implementation for timber tracking is innovative, it's a pilot project without material revenue implications.

The partnership with Clemson primarily serves as a corporate social responsibility initiative and talent pipeline development effort. Though positive for brand image and sustainability credentials, these activities are routine corporate operations that don't materially affect the company's financial outlook or stock performance.

Project marks first time blockchain technology has been applied to a mass timber project

ATLANTA, Oct. 24, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC), today announced it would provide timber for the construction of a Department of Forestry and Environmental Conservation building project at Clemson University. The majority of the wood used for the state-of-the-art building will be longleaf pine harvested from the Brosnan Forest, a 14,400-acre timber and wildlife preserve near Charleston, S.C.

The building project will help serve the Southeast as an education and research hub for wood-based construction, sustainable building practices, and will develop the next generation of forestry and environmental leaders.

This collaboration also highlights Norfolk Southern's commitment to workforce development as part of a larger collaboration with Clemson. The university has been a priority source of talent for Norfolk Southern for over a decade. In the last five years, Norfolk Southern has supported Clemson with grants and other gifts totaling over $50,000.

"Norfolk Southern employs over forty Clemson alumni who make an impact across our organization every day," said Kristin Wong, Director of the NS Foundation & Community Impact. "We're proud of our longstanding relationship with Clemson and look forward to our continued collaboration on both higher education and sustainability."

The project is significant for its use of longleaf pine, a tree species native to the Southeastern United States known for its durable wood ideal for use in construction applications. The diverse longleaf pine ecosystem, once accounting for 90 million acres of the Southeast, now spans just three million acres. By using sustainable forestry methods and strategic partnerships with leading forestry organizations like The Longleaf Alliance, the U.S. Endowment for Forestry and Communities, and Milliken Advisors, Norfolk Southern's Brosnan Forest is safeguarding the future of this important tree species.

"This wood is not only special because it is longleaf pine, but because it is the result of a long and fruitful collaborative relationship between Norfolk Southern and Clemson," said Patricia Layton, Director of the Clemson University Wood Utilization & Design Institute. "The building where it will be used will serve as a showcase for wood construction and will be the instructional space for future leaders in the forestry and natural resources industries" 

By responsibly harvesting the longleaf pine for use in Clemson's new building project, Norfolk Southern hopes to successfully demonstrate the superiority of the species for use in infrastructure development. 

"We are excited to support Clemson and shine a light on the ecological and durability benefits of longleaf pine," said Josh Raglin, Norfolk Southern's Chief Sustainability Officer. "It will serve as a proof-point for the practical uses of longleaf pine in industrial settings, further demonstrating the importance of sustaining a pine species vital to South Carolina's ecosystem."

Another unique feature of the collaboration is its use of first-of-its-kind blockchain technology. Chainparency's GoTrace platform is being used to track the timber as it moves through the supply chain starting with its harvest at Brosnan Forest then to Collum's Lumber Mill in Allendale, S.C. and SmartLam in Dothan, Ala. for processing before finally arriving in Clemson, S.C. 

The project highlights a strong collaboration between numerous entities all working toward the common goal of promoting healthy forests and sustainable building practices.

For more information about Norfolk Southern's commitment to sustainable business practices, click here.

About Norfolk Southern
Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a customer-centric and operations-driven freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid approximately 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver more than 7 million carloads annually, from agriculture to consumer goods. Norfolk Southern also has the most extensive intermodal network in the eastern U.S. It serves a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as major ports in the Gulf of Mexico and Great Lakes. Learn more by visiting www.NorfolkSouthern.com.

 

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SOURCE Norfolk Southern Corporation

FAQ

What is Norfolk Southern (NSC) providing for Clemson University's new building project?

Norfolk Southern is providing longleaf pine timber harvested from its Brosnan Forest preserve for Clemson's Department of Forestry and Environmental Conservation building project.

How is blockchain technology being used in Norfolk Southern's (NSC) timber project with Clemson?

Chainparency's GoTrace platform is being used to track the timber through the supply chain from harvest at Brosnan Forest through processing at Collum's Lumber Mill and SmartLam to final delivery at Clemson.

How much has Norfolk Southern (NSC) contributed to Clemson University in recent years?

Norfolk Southern has provided over $50,000 in grants and other gifts to Clemson University in the last five years.

How many Clemson alumni are employed at Norfolk Southern (NSC)?

Norfolk Southern currently employs over forty Clemson alumni across its organization.

Norfolk Southern Corp.

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