CSX named greenest railroad by Newsweek’s 2010 Green Rankings

Written by jrood

CSX Corporation said that, for the second year in a row, the company is ranked highest among all Class 1 freight railroads in Newsweek's 2010 Green Ranking of the 500 largest U.S. companies. The company is ranked 10th among all transport and aerospace companies and 215 overall.

"When it comes to the
environment, CSX is committed to moving the things that matter in a way that
matters," said Michael Ward, CSX chairman, president and chief executive
officer. "We provide a competitive edge for our customers and help meet the
nation’s transportation demands in an environmentally-friendly and sustainable
manner."

CSX’s rank is based on a
data-driven assessment of the 500 largest publicly traded companies in America,
as measured by revenue, market capitalization and number of employees. Three
leading environmental organizations quantified the companies’ environmental
footprints and policies, as well as a measure of reputation based on a poll of
Chief Executive Officers, environmental officers, and other green experts.

The environmental benefits
of rail are significant, and CSX’s operations are designed to reduce fuel
consumption and emissions. Moving freight by rail is three times more
fuel-efficient than transporting freight on the highway. Trains can move a ton
of freight nearly 500 miles on a single gallon of fuel, and one freight train
can move the goods of more than 280 trucks.

CSX has a longstanding
commitment to air quality and clean operations. The company was the first
transportation company to voluntarily set a goal to reduce its greenhouse gas
emissions. CSX committed to reducing its carbon dioxide intensity eight percent
by 2011. As part of this effort, CSX has deployed significant numbers of
fuel-efficient and environmentally friendly "GenSet" locomotives in rail yards
across its network. Over the last decade, CSX has invested more than $1.5
billion to upgrade its locomotive fleet with technology that reduces fuel
consumption and air emissions. Through these efforts, the company has improved
its fuel efficiency by more than 90 percent since 1980.

Additionally, the company
recognizes the importance of a green supply chain and works closely with its
customers to make their supply chains as efficient as possible. To help in this
effort, CSX launched an online carbon calculator for customers to calculate the
emissions associated with various transportation options, on the newly
redesigned company web site (www.csx.com).

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