New or expanded plants swell CSXT revenue
Written by William C. Vantuono, Editor-in-ChiefCSX Transportation announced Tuesday that shippers in 2010 made commitments for 130 new or expanded facilities on CSXT lines, bringing an estimated $216 million in annual revenue to CSXT upon completion, and creating as many as 5,200 new jobs.
Located in 18 states, the facilities will serve energy, consumer goods,and manufacturing markets, and represent more than $3.6 billion in plant investments.
They will be built on CSXT lines, as well as some of the more than 240 short lines and regional railroads that connect to CSXT.
“CSXT is playing an important role in our nation’s economic recovery, providing the critical link to connect producers, distributors, and consumers,” said Clark Robertson, assistant vice president-regional development. “Just as important, we’re helping to stimulate community investment and jobs.”
In addition, he said, 98 customers who had committed to new or increased rail traffic in 2010 and prior years began moving goods and commodities that at full production will result in more than $168 million in revenue.
CSXT noted that that trains are capable of moving a ton of freight nearly 500 miles on a gallon of fuel. “That fuel efficiency, coupled with CSXT’smarket reach that includes connections to more than 70 ocean, lake, and river ports, is important to customers and economic development agencies as they look for sites for a variety of businesses.”
CSXT offers pre-certified “super sites” to businesses seeking locations for expansions or startups, as well as track design and logistics expertise. The company’s TRANSFLO transload services offer a way for non-rail served shippers to connect to the North American rail network.
