Wednesday, January 09, 2013

Customer site investments on CSX total $3.2 Billion in 2012

CSX worked with its customers in 2012 to locate 105 new or expanded facilities on its eastern rail network or on connecting shortlines.

These projects represent an investment by those customers of more than $3.2 billion and are said to create more than 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."

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