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5/6/2010


Rail News: Rail Industry Trends
Ward: CSX needs to stay focused on the future



As the economy continues to recover, CSX Corp. must remain focused on safety, service and productivity, said Chairman, President and Chief Executive Officer Michael Ward in a prepared statement.

The railroad performed well during the recession, while positioning itself as a “stronger and more capable” company, he said.

CSX must continue to “do the right things” to prepare its network for the nation's future transportation needs, Ward said. During the past three years, the Class I has invested approximately $5 billion in its network. CSX plans to spend an additional $1.7 billion this year.

The railroad also is prepping its network by working with six states to develop the National Gateway, an intermodal route designed to link three mid-Atlantic ports with Midwestern markets.

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