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Rail News: Rail Industry Trends

CSXT's business development efforts paid off in 2010


Last year, shippers committed to build or expand 130 facilities along CSX Transportation’s and connecting short lines’ routes in 18 states. Costing more than $3.6 billion, the projects will create as many as 5,200 jobs and generate annual revenue of $216 million for CSXT, according to the Class I.

The largest total project investments by state include $2.2 billion in Tennessee, $463.7 million in Ohio, $343.7 million in Georgia and $276 million in North Carolina.

In 2010, 98 shippers also agreed to increase rail traffic or begin using CSXT’s services, which generated more than $168 million in annual revenue.

The Class I offers pre-certified “super sites,” and track design and logistics services to businesses planning to build or expand their facility, CSXT said. In addition, the railroad markets its TRANSFLO transload services to non-rail-served shippers.

“CSXT is playing an important role in our nation's economic recovery [by] providing the critical link to connect producers, distributors and consumers,” said Clark Robertson, the Class I’s assistant vice president of regional development, in a prepared statement.

Contact Progressive Railroading editorial staff.

More News from 1/11/2011