Eastern-U.S. railroad CSX Transportation said customers last year “committed to 92 new or expanded facilities” along CSX tracks, which represent $3.2 billion in investments.
Those projects “ultimately will contribute $138 million in revenue” to CSX in 18 states, said Fredrik Eliasson,the railroad’s vice president for emerging markets.
The sites reflect energy, consumer goods and manufacturing markets, and will be built either along CSX tracks directly or on some of the short line railroads that feed into the CSX system. Eliasson said the expansion plans by shippers "are a vote of confidence in CSX as a vital link in economic recovery and one of the most environmentally friendly transportation modes."
CSX also said another 73 customers who had previously committed to new or increased rail traffic “began moving goods and commodities that at full production will result in more than $210 million in revenue.”
To woo customers, CSX offers site location assistance for projects that will generate rail shipments, plus expertise in track design and logistics. It also offers transload services for shippers who are off the rail line, so their goods can move by train across the continent.
CSX said the new project commitments were led by more than $2 billion worth in its home state of Florida, $291 million in Maryland, $255 million in New Jersey, $158 million in Alabama and $153 million in South Carolina.
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