CSX Transportation (CSXT): New or Expanded Rail Facilities Will Create Nearly 1400 Jobs

January 26, 2010 – Vol.14 No.45

CSX Transportation (CSXT): New or Expanded Rail Facilities Will Create Nearly 1400 Jobs.

CSXT has announced that customers committed to 92 new or expanded facilities projects in 2009. Located in 18 states and across markets that include energy, consumer goods and manufacturing, the projects ultimately will contribute $138 million in revenue to the company. The facilities will be built on both CSXT lines and on some of the more than 230 short lines and regional railroads that connect to CSXT.

"These projects collectively represent more than $3.2 billion in customer investments in new and expanded businesses on our network," Eliasson said. "These outstanding results are a vote of confidence in CSX as a vital link in economic recovery and one of the most environmentally friendly transportation modes."

In addition, 73 customers who had committed to new or increased rail traffic in 2009 and prior years began moving goods and commodities that at full production will result in more than $210 million in revenue.

Trains are capable of pulling a ton of freight 436 miles on a gallon of fuel. That fuel efficiency and CSXT's market reach, including connections to more than 70 ocean, lake and river ports, help customers and economic development agencies find sites for a variety of businesses.

CSXT offers site location assistance for rail-served projects as well as track design and logistics expertise. In addition to direct rail-served sites, the company offers TRANSFLO transload services that can connect non-rail served shippers to the North American rail network.

CSX Transportation is a principal operating company of CSX Corporation, based in Jacksonville, Florida. The company's transportation network spans 21,000 miles with service to 23 eastern states and the District of Columbia. (1/25/10)

Links:

CSX Corporation
http://www.csx.com

Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No