CSXT to invest $2 billion
Written by jrood
CSXT Corporation will invest $2 billion to increase the quality, flexibility and capacity of its rail network. That's on top of the $1.8 billion the company invested in 2010, a year in which operating income was $3.1 billion. "CSXT believes in the ability of the U.S. economy to continue growing and is committed to supporting its customers as that occurs," said Michael Ward, CSXT chief executive officer. "This is an important time for CSXT and other companies to take stock in what we need to do together to drive growth and increase U.S. competitiveness in the global marketplace while creating jobs." The company also said that it will increase employment by one to two percent in 2011 as business levels continue to return in an improving economy. CSXT currently employs 30,000 people.
