CSX issues upbeat financial/sustainability report
Written by William C. Vantuono, Editor-in-ChiefCSX on Wednesday released its second annual Corporate Profile and Responsibility (CPR) Report highlighting financial and sustainability accomplishments in 2010.
“This integrated report gives our stakeholders a holistic view of the company—we’ve delivered great performance, responsibly, across the board,” said Michael Ward, chairman, president, and CEO (pictured).
He said CSX achieved milestones in each area—meeting its commitment to reduce greenhouse gas emissions intensity by 8% nearly a year ahead of schedule, reducing personal injuries by nearly 45%, and improving the company’s operating ratio to a record 71.1%.
He also said CSX is helping to stimulate economic recovery and job growth with infrastructure investments that have added up to $8.3 billion in thelast five years.
The report did not mention the lingering threat of re-regulation, but it didsay: “Publication of the 2010 CPR Report comes as the freight rail industryfaces some of the most transformative opportunities of the deregulated era.As the American population grows exponentially, demand for everyday goods isskyrocketing and freight rail is poised to handle a major portion of thatincrease. CSX is well-positioned and committed to being an efficient,environmentally-friendly part of the global supply chain, delivering thegoods America needs in a way that protects the planet for the future.”
