JACKSONVILLE, Fla., April 21, 2009 /PRNewswire via COMTEX/ -- Demonstrating the economic and environmental benefits of rail, CSX Transportation (CSXT) supported more than 100 industrial development projects that were announced in 2008. Those projects included 63 new industries and the expansion of 42 others.
These new or expanded plants are expected to create 3,400 new jobs and nearly 150,000 new carloads on CSXT. The company worked with economic development officials in 18 states to attract customers to new sites or to expand existing operations, resulting in a $3 billion investment.
"Our efforts are directed at supporting economic development in the states and communities we serve," said Derrick Smith, vice president-emerging markets. "The connectivity we provide to ports, natural resources and manufacturing facilities enables companies to leverage the efficiency and environmental benefits of rail."
Charles McSwain, assistant vice president-regional development, said new projects included 19 ethanol and bio-diesel facilities as well as eight facilities for recycling or environmental remediation. Some of that traffic originates or terminates on the more than 230 short line and regional railroads that connect to CSXT.
"Over half of the investment dollars announced in 2008 are directly related to energy and the environment," McSwain said, adding that other projects included facilities that handle construction materials such as stone, cement and asphalt, plastic products, consumer goods, metals, grain and paper. A state-by-state list of the economic impact of some of the major projects is attached.
One of the most efficient and environmentally friendly transportation modes, a train can pull a ton of freight 436 miles on a gallon of fuel. Fuel efficiency and other rail advantages are attractive to many industries and to economic development agencies working to attract those businesses.
CSXT offers assistance that includes site layout services such as industrial park planning, track design, and logistics assistance.
In the last 10 years, CSXT has helped locate or expand 1,347 facilities. That represents an investment of $24 billion and over 48,500 jobs in CSXT territory.
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 Supported Development By State
CSX Transportation supported significant economic development across its service territory. These states represented some of the larger projects.
State Annual Carloads Jobs Created Investment
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Alabama 11,182 21 $5,850,000
Florida 34,533 234 $133,980,000
Georgia 26,584 710 $262,600,000
Illinois 2,000 45 $150,000,000
Indiana 6,496 293 $309,225,000
Kentucky 3,998 87 $41,750,000
Maryland 4,692 47 $545,800,000
Michigan 474 17 $750,000
Mississippi 8,910 464 $883,800,000
New Jersey 8,326 138 $28,020,000
New York 12,518 85 $99,159,000
North Carolina 3,965 145 $189,650,000
Ohio 10,370 161 $305,150,000
Pennsylvania 3,600 650 $46,545,000
South Carolina 6,204 100 $95,100,000
Tennessee 2,150 13 $1,050,000
Virginia 3,700 190 $12,200,000
SOURCE CSX Transportation