Monday, January 25, 2010

CSXT's customer base continues to expand

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CSX Transportation customers in 2009 committed to invest in 92 new or expanded facilities that will create nearly 1,400 new jobs and ultimately bring $138 million in new revenue to the railroad.

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CSXT said the facilities will be built both on CSXT lines and on some of the more than 230 short lines and regional railroads that connect to CSXT.

The projects are situated in 18 states and across markets that include energy, consumer goods and manufacturing, said FredrikEliasson, vice president-emerging markets.

"These projects collectively represent more than $3.2 billion in customer investments in new and expanded businesses on our network," Eliasson said. "These outstanding results are a vote of confidence in CSX as a vital link in economic recovery and one of the most environmentally friendly transportation modes."

In addition, said CSXT, 73 customers who had committed to new or increased rail traffic in 2008 and prior years began moving goods and commodities that at full production will result in more than $210 million in revenue.