CSX Customers Invest More Than $3 Billion in 2013
JACKSONVILLE, Fla., Jan. 10, 2014 /PRNewswire/ -- In 2013, CSX and its customers worked together to develop 121 new or expanded facilities on the CSX rail network or its connecting short line partners. These facilities represent $3 billion in customer investments and more than 1,600 new job opportunities at those facilities.
In the past five years, CSX customers invested more than $14 billion in rail-served facilities, generating more than 14,000 jobs at industrial plants, distribution centers, and other facilities.
The substantial increases in industrial development demand in 2013 highlight ongoing economic expansion across the nation. Growth in many sectors of the energy and chemicals markets as well as new and updated agricultural facilities generated much of the activity, which represents 151,000 carloads of potential annual business for CSX.
"The increasing economic development on our network reflects steady expansion in the national economy," said Clark Robertson, assistant vice president - regional development. "The transformation in the energy sector is driving opportunities for new rail-served facilities serving the chemical and manufacturing sectors across the CSX network. CSX appreciates and applauds the states we serve, which recognize the value of capital investment to their communities and who do a great job of helping to demonstrate the economic and environmental benefits of rail transportation to industry."
To encourage rail-oriented industrial development, CSX's Select Site program certifies properties expressly intended for manufacturing uses. These properties meet rigorous criteria in order to increase development certainty and reduce time and costs. Customers considering a new or expanded location can learn more about CSX Select Sites at http://www.csxselectsite.com.
CSX provides service via an extensive network that connects customers to nearly two-thirds of the nation's population throughout the major East Coast and Midwestern metropolitan centers, and serves more than 70 ocean, river and lake ports. CSX can move a ton of freight nearly 450 miles on a single gallon of fuel and one train can carry the load of 280 trucks, lowering carbon emissions and reducing wear and tear on public roads.
CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For more than 185 years, CSX has played a critical role in the nation's economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation's population resides. It also links more than 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and small farming towns alike. More information about CSX Corporation and its subsidiaries is available at www.csx.com. Like us on Facebook (http://www.facebook.com/OfficialCSX) and follow us on Twitter (http://twitter.com/CSX).
SOURCE CSX Transportation