CSXT Economic Development Efforts Drive Job Creation

Jan 25, 2010, 09:00 ET from CSX Transportation

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, 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


SOURCE CSX Transportation



RELATED LINKS

http://www.csx.com