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500 Water Street, 15th Floor
Jacksonville, FL 32202
CSX Transportation, Inc.
500 Water Street
Jacksonville, FL 32202
JACKSONVILLE, Fla. – January 10, 2011 – Leveraging the economic and environmental benefits of rail, customers committed to 130 new or expanded facilities on CSX Transportation (CSXT) lines in 2010. Upon completion, these projects will create as many as 5,200 new jobs.
The facilities are located in 18 states, and include markets such as energy, consumer goods and manufacturing. They represent more than $3.6 billion in customer investments, and ultimately will contribute $216 million in annual revenue to CSXT, said Clark Robertson, Assistant Vice President-Regional Development.
The facilities will be built on both CSXT lines and on some of the more than 240 short lines and regional railroads that connect to CSXT.
“CSXT is playing an important role in our nation’s economic recovery, providing the critical link to connect producers, distributors and consumers,” Robertson said. “Just as important, we’re helping to stimulate community investment and jobs.”
In addition, 98 customers who had committed to new or increased rail traffic in 2010 and prior years began moving goods and commodities that at full production will result in more than $168 million in revenue.
Trains are capable of moving a ton of freight nearly 500 miles on a gallon of fuel. That fuel efficiency, coupled with CSXT’s market reach that includes connections to more than 70 ocean, lake and river ports, is important to customers and economic development agencies as they look for sites for a variety of businesses.
CSXT offers pre-certified “super sites” to businesses seeking locations for expansions or startups, as well as track design and logistics expertise. The company’s TRANSFLO transload services offer a way for non-rail served shippers to connect to the North American rail network.
CSX Transportation Inc. is a principal operating company of CSX Corporation. CSX Corporation, based in Jacksonville, Fla., is one of the leading transportation companies, providing rail, intermodal and rail-to-truck transload services. The company’s transportation network spans 21,000 miles with service to 23 eastern states and the District of Columbia, and connects to more than 70 ocean, river and lake ports. More information about CSX Corporation and its subsidiaries is available at the company’s web site, www.csx.com.
CSXT Supports Development in States
CSX Transportation supported significant economic development across its network, the largest rail system in the East. Below is a chart showing new jobs and customer investment by state.
|State||Jobs Created||Customer Investment|