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1/9/2012



Rail News: HomePage

Dozens of new or expanded manufacturing plants mean more revenue for CSXT


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Last year, shippers involved in manufacturing, consumer goods, energy and other markets committed to building or expanding 124 facilities in 17 states located on lines operated by CSX Transportation or its short-line railroad partners, according to the Class I. The projects represent nearly $1.4 billion worth of capital investments and will generate more than $230 million in annual revenue, CSXT officials said in a prepared statement.

The states with the most projects and highest capital investment include West Virginia, 77 projects valued at $515 million; North Carolina, 348 projects valued at $385.2 million; Florida, 180 projects valued at $165.6 million; Michigan, 242 projects valued at $70.1 million; Georgia, 157 projects valued at $69.5 million; and Ohio, 258 projects valued at $43.9 million.

"Despite ongoing economic uncertainty during 2011, our customers continue to demonstrate strong interest in rail service and CSX in particular," said Clark Robertson, CSXT’s assistant vice president-regional development.

CSXT offers shippers a “Select Site” program to help locate manufacturing plant locations along the Class I’s network, as well as track design and logistics expertise. In addition, the railroad's TRANSFLO transload services provide non-rail-served shippers a way to connect to the North American rail network.


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