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CSX Csx Corp

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Share Name Share Symbol Market Type Share ISIN Share Description
Csx Corp LSE:CSX London Ordinary Share COM STK $1
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Improved Philadelphia Freight Rail Route Expands Transportation Options, Reduces CO2 Emissions and Alleviates Traffic

16/11/2009 8:09pm

PR Newswire (US)


Csx Corp (LSE:CSX)
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PHILADELPHIA, Nov. 16 /PRNewswire/ -- Pennsylvania Governor Edward G. Rendell, Philadelphia Mayor Michael Nutter and CSX Chairman, President and CEO Michael J. Ward joined together today to celebrate the construction of an improved rail route that generates hundreds of jobs. The completed project will create an improved double-stack rail corridor to expand Philadelphia's freight transportation options and position the region for future growth. The event was held at an active rail construction site in Philadelphia where workers are increasing clearances at 16 overhead bridges. By improving clearances, this project will allow a faster, more efficient rail connection with the Midwest, and will create over 1,200 direct and indirect jobs. "This project is good news for Philadelphia and the Commonwealth of Pennsylvania," said Governor Rendell. "I am proud to support this environmentally friendly, cost-effective double-stack improvement project that will provide long-term economic benefits for Pennsylvania and the nation." "The City of Philadelphia is pleased that this project will provide economic and environmental benefits to the residents of Philadelphia for years to come," said Mayor Nutter. The project is funded by a $10 million contribution from the Commonwealth of Pennsylvania, over $12 million from CSX, and an additional $10 million shared equally by two federal sources. "I especially want to thank the many CSX employees and their union affiliates who are working on this project and helping us address the regional and national transportation needs," said Michael Ward. CSX Corporation, based in Jacksonville, Fla., is one of the leading transportation companies, providing rail, intermodal and rail-to-truck transload services. The company's transportation network spans 21,000 miles with service to 23 eastern states and the District of Columbia, and connects to more than 70 ocean, river, and lake ports. More information about CSX Corporation and its subsidiaries is available at the company's web site, http://www.csx.com/. DATASOURCE: CSX Corporation CONTACT: Robert T. Sullivan of CSX Corporation, +1-877-835-5279, Web Site: http://www.csx.com/

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