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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

New CSX Intermodal Services Link Buffalo with Major East Coast Ports

25/09/2009 5:49pm

PR Newswire (US)


Csx Corp (LSE:CSX)
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BUFFALO, N.Y., Sept. 25 /PRNewswire-FirstCall/ -- CSX Intermodal (CSXI) has begun two new international services that link Buffalo, N.Y., to the Port Authority of New York and New Jersey (PANYNJ) and Philadelphia, Pa. The services, which started Monday, September 21, utilize the new CSXI Buffalo Terminal opened in 2008, with the support of the New York Department of Transportation and Erie County, increasing CSXI's presence in the Buffalo and Toronto markets. On-dock service destined for Buffalo from the Elizabeth Marine Terminal (EMT) at the PANYNJ will be available on the second day after departure; Buffalo traffic destined for EMT will be available on the third day. This new service also qualifies for current incentives being offered by the PANYNJ to support on-dock rail solutions. One incentive offers shippers $25 for each container hauled by rail this year over their 2008 totals for rail use. A second incentive offers an additional $25 per container for new intermodal on-dock services. The Buffalo-Philadelphia service will provide third-day availability southbound and fourth-day availability northbound. CSXI President Jim Hertwig said the services are part of CSXI's efforts to help shippers "seize the opportunities presented by long-term trends shaping freight flows today, like all-water routes to the East Coast and regional intermodalism." Hertwig added that CSXI already offers intra-regional on-dock service at the PANYNJ to the CSXI Stackbridge Terminal in Worcester, Mass., and similar services at other East Coast ports. "We commend CSX Intermodal for its efforts to introduce new shorter-haul services at East Coast ports that will allow ocean carriers to leverage the many advantages of rail when moving goods to their final destination," said Gordon Dorsey, Senior Vice President, USA Operations Manager for Maersk Line. "Maersk Line continues to strive for new solutions for our customers to ensure the best possible product reliability and value proposition. This new CSXI service allows us to provide committed service to our East Coast and Canadian customers." About CSX Corporation CSX Corporation, based in Jacksonville, Fla., is one of the nation's leading transportation companies, providing rail, intermodal and rail-to-truck transload services. The company's transportation network spans approximately 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 Sullivan, for CSX Corporation, +1-877-835-5279

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