CSX announced today that it will invest $160 million over the next several years to complete one of the most important transportation projects in the country -- the National Gateway. This project will deliver substantial public benefits, including thousands of jobs. This latest commitment by CSX will bring those benefits and jobs much sooner than would otherwise be possible.
"Through the National Gateway, CSX and its public partners are working together to vastly improve the quality and flexibility of the eastern rail network," said Michael J. Ward, CSX chairman, president and chief executive officer. "With today's new $160 million commitment, CSX will have obligated a total of about $575 million over several years to better meet the needs of our customers, our states and our ports." Continued