CSXT Economic Development Efforts Drive Job Creation
January 25 2010 - 8:00AM
PR Newswire (US)
JACKSONVILLE, Fla., Jan. 25 /PRNewswire/ -- Placing a substantial
vote of confidence in rail transportation, customers committed to
92 new or expanded facilities on CSX Transportation (CSXT) lines in
2009. Upon completion, these projects will create nearly 1,400 new
jobs. Located in 18 states and across markets that include energy,
consumer goods and manufacturing, the projects ultimately will
contribute $138 million in revenue, said Fredrik Eliasson, vice
president-emerging markets. The facilities will be built on both
CSXT lines and on some of the more than 230 short lines and
regional railroads that connect to CSXT. "These projects
collectively represent more than $3.2 billion in customer
investments in new and expanded businesses on our network,"
Eliasson said. "These outstanding results are a vote of confidence
in CSX as a vital link in economic recovery and one of the most
environmentally friendly transportation modes." In addition, 73
customers who had committed to new or increased rail traffic in
2009 and prior years began moving goods and commodities that at
full production will result in more than $210 million in revenue.
Trains are capable of pulling a ton of freight 436 miles on a
gallon of fuel. That fuel efficiency and CSXT's market reach,
including connections to more than 70 ocean, lake and river ports,
help customers and economic development agencies find sites for a
variety of businesses. CSXT offers site location assistance for
rail-served projects as well as track design and logistics
expertise. In addition to direct rail-served sites, the company
offers TRANSFLO transload services that can connect non-rail served
shippers to the North American rail network. A state list of the
larger projects is attached. 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, http://www.csx.com/. CSXT Supports
Development in States CSX Transportation supported significant
economic development across its network, the largest rail system in
the East. These states represented some of the projects, jobs and
customer investment. State Jobs Created Customer Investment -----
------------ ------------------- Alabama 209 $158,500,000 Florida
376 $2,174,710,000 Georgia 332 $151,750,000 Illinois 3 $1,150,000
Indiana - $300,000 Kentucky 8 $10,700,000 Maryland 30 $290,840,000
Michigan 6 $2,000,000 New Jersey 13 $255,120,000 New York 7
$3,840,000 N.C. - $750,000 Ohio 154 $47,355,000 Pennsylvania 14
$3,275,000 S.C. 220 $153,000,000 West Virginia 1 $50,000
DATASOURCE: CSX Transportation CONTACT: Gary Sease, CSX
Transportation, +1-877-835-5279 Web Site: http://www.csx.com/
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