Monday, January 13, 2014

CSX and customers developed 121 new or expanded facilities in 2013

In 2013, CSX and its customers worked together to develop 121 new or expanded facilities on the CSX rail network or its connecting shortline 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.

CSX says 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.

 

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