Share this article
Norfolk Southern the Latest Railway to Join Blockchain Transport Group
Norfolk Southern is the latest railway to join the Blockchain in Transport Alliance.
By Nikhilesh De
Updated Sep 13, 2021, 7:59 a.m. Published May 25, 2018, 6:08 a.m.
U.S. railway network Norfolk Southern has become the latest industry player to join the Blockchain in Transport Alliance.
One of less than a dozen Class I railroads in North America, Norfolk Southern announced Thursday that it would participate in the consortium's mission of establishing standards for logistics companies using blockchain technology, according to a press release.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The company maintains a number of rail lines across the Eastern Seaboard, in addition to providing coal and intermodal transport services in the region.
BiTA vice president Fred Ehlers said in a statement that the rail line would help with streamlining supply chain processes using blockchain.
The statement was echoed by BiTA president Chris Burruss, who said that more than 250 members of the alliance are working toward creating "common blockchain standards that will define the future of freight movement," according to the release. He added:
"Norfolk Southern brings a level of intermodal and rail expertise to the Alliance that will benefit all members and the industry as a whole as we move toward a common framework. We look forward to engaging with them as we move forward."
The rail line joins companies such as the Berkshire Hathaway-owned BNSF Railway, which joined the alliance earlier this year. Similarly, General Electric's transportation division became a member in March.
Norfolk Southern image via Jonathan Weiss / Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Strategy’s STRD credit spread has tightened over past month even as bitcoin struggles
The narrowing spread between yields on STRD and the 10-year U.S. Treasury could signal boosted demand for the preferred stock.
What to know:
- STRD’s credit spread versus the U.S. 10-year Treasury narrowed to a new low on Friday.
- Strategy sold $82.2 million of STRD through its ATM program in the week ended Dec. 14, the largest weekly issuance since launch.
- Historical ATM data shows STRD has recently dominated preferred issuance among Strategy’s offerings.
Top Stories
