Customer Site Investments on CSX Total $3.2 Billion in 2012
JACKSONVILLE, Fla., Jan. 7, 2013 /PRNewswire/ -- CSX worked with its customers in 2012 to locate 105 new or expanded facilities on its eastern rail network or on connecting short lines. These projects represent an investment by those customers of more than $3.2 billion and will ultimately create over 4,200 jobs among shippers in more than a dozen states.
"These industrial facilities are expected to generate 162,000 carloads of new rail traffic in future years," said Clark Robertson, assistant vice president-regional development. "The 2012 results were especially significant in the energy markets, such as new ethanol and crude oil terminals, natural gas processing facilities and drilling supply locations. In addition, low natural gas pricing and abundant supply are prompting renewed manufacturing interest in the U.S. and specifically in markets served by CSX."
Rail customers considering a new manufacturing location can access www.csx.com and CSX's Select Site tool, which provides unique insight to rail-served sites that are certified for immediate development, including zoning and utility connections.
Rail stands out as a compelling value in the transportation marketplace. CSX trains are capable of moving a ton of freight more than 450 miles on a gallon of fuel, creating efficiency and environmental benefits that are attractive to shippers and communities alike. That means significantly lower carbon emissions and less wear and tear on public roads as CSX moves freight over its privately funded network. CSX also can offer customers the best rail connectivity to more than 70 ocean, river and lake ports.
CSX Corporation, based in Jacksonville, Fla., is one of the nation's leading transportation companies, providing rail, intermodal and rail-to-truck transload services. The company's transportation network spans approximately 21,000 miles, with service to 23 eastern states, the District of Columbia and two Canadian provinces. CSX's network connects more than 240 short line railroads and more than 70 ocean, river, and lake ports. 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 Corporation
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