Wednesday, April 22, 2009

CSXT: Plant development means 150,000 new carloads

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CSX Transportation says that 100 new industrial projects developed along its lines in 2008 will eventually bring nearly 150,000 new carloads of traffic annually to the railroad. Those projects included 60 new and 42 expanded industrial plants.

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Among the new projects were 19 ethanol and bio-diesel facilities and eight facilities for recycling or environmental remediation. Some of the resulting traffic will originate or terminate on the 230 smaller railroads that connect with CSXT.

"Our efforts are directed at supporting economic development in the states and communities we serve," said Derrick Smith, CSXT's vice president-emerging markets. "The connectivity we provide to ports, natural resources, and manufacturing facilities enables companies to leverage the efficiency and environmental benefits of rail."