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4/23/2009



Rail News: Rail Industry Trends

CSXT lands 63 new facilities, attracts 42 plant expansions in '08


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Last year, CSX Transportation played a role in attracting more than 100 industrial development projects totaling about $3 billion along its lines, including 63 new facilities and 42 plant expansions.

The projects are expected to create 3,400 new jobs and generate about 150,000 new carloads for CSXT. The railroad worked with economic development officials in 18 states to attract customers to new sites or to expand existing operations. The Class I offers assistance with site layout services, such as industrial park planning, track design and logistics.

New projects included 19 ethanol and biodiesel plants, and eight recycling or environmental remediation facilities. Some of the traffic generated by the facilities originates or terminates on the more than 230 regionals and short lines that interchange with CSXT.

"The connectivity we provide to ports, natural resources and manufacturing facilities enables companies to leverage the efficiency and environmental benefits of rail," said Derrick Smith, CSXT vice president of emerging markets, in a prepared statement.

During the past 10 years, CSXT has helped locate or expand 1,347 facilities along its lines, representing an investment of $24 billion and the creation of more than 48,500 jobs.


Contact Progressive Railroading editorial staff.

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