CSX Announces New Designations for Rail-Served Properties
CSX Corporation Expands Select Site Program with New Properties
CSX Corporation (NASDAQ: CSX) has recently announced its addition of 18 high-ranking properties to the Select Site program designed to stimulate industrial development. This program’s goal is to connect businesses with desirable rail-served locations, facilitating business expansion and economic opportunities. The properties span across 12 states and have undergone a comprehensive evaluation, earning various designations based on a multitude of site characteristics.
Through collaboration with over 29 communities, CSX has carefully selected the sites worthy of the Select Site designation, which includes ratings of gold, silver, or bronze. This initiative represents CSX's commitment to not only improving its services but also actively contributing to local economies by creating viable opportunities for manufacturers and other businesses.
Kellen Riley, the Senior Director of Industrial Development at CSX, emphasized the importance of these sites, stating, "Each Select Site is the result of extensive collaboration with landowners, counties, and utility partners, signifying an important opportunity for economic growth. By positioning these sites with the right due diligence in place, we streamline the investment process for manufacturers, allowing them to focus on building and generating jobs within their local communities."
Since the last group of sites was recognized in the previous year, four of the already existing Select Sites have enhanced their readiness and achieved upgrades in their designations. This continuous improvement shows the dedication of CSX to maintain high standards and provide attractive options for businesses seeking expansion.
Select Site Ratings and Notable Locations
The newly designated Select Sites showcase a range of properties across different grading levels:
Gold Level:
- South Coast Logistics Park Operated by TransloadX - Middleborough, Massachusetts
- Montgomery Inland Logistics - Montgomery, Alabama
Silver Level:
- Eastport Logistics Park - Jacksonville, Florida
- Central Florida Integrated Logistics Park - Winter Haven, Florida
- 5601 Bucknell Drive - South Fulton, Georgia
- Madisonville Industrial Park II - Madisonville, Kentucky
- Dragway Site - Sandston, Virginia
- Creamer Industrial Park - Brewton, Alabama
Bronze Level:
- Evergreen L.P. Site - Evergreen, Alabama
- Florida Crossroads Industrial Zone - Archer, Florida
- CenterPoint Energy Rail Site - Evansville, Indiana
- The Gil Niceley, Sr. Industrial Park - Elizabethtown, Kentucky
- RGL Rockcastle Mega Site - Mount Vernon, Kentucky
- West Industrial Park - Russellville, Kentucky
- Almonaster Avenue CSX Property - New Orleans, Louisiana
- Timberswamp Road Site - Westfield, Massachusetts
- I-70 Gateway Industrial Park - Hagerstown, Maryland
- US 301 North Industrial Site - Enfield, North Carolina
- Massena Industrial Land - Massena, New York
- Aldridge Site - Lesage, West Virginia
- JFTMA Rail Site - Atmore, Alabama
- 4 Star Industrial Park - Sandy Lee Watkins Build Ready Site - Robards, Kentucky
It’s noteworthy that the properties marked with an asterisk denote sites that have improved their designations from the previous year. This ongoing enhancement reflects the dynamic nature of economic development and the adaptability of CSX in responding to market needs.
Understanding CSX's Role in Industrial Growth
Established nearly two centuries ago, CSX operates as a leading transportation provider, focusing on rail, intermodal, and rail-to-truck transload services. As it evolves, CSX continues to play a significant role in the economic landscape of the eastern United States, where a substantial part of the nation's population resides. Its extensive network connects major metropolitan areas with rural communities, thereby supporting various industries, including energy, agriculture, and consumer goods.
This well-established network not only facilitates efficient transportation solutions but also fosters relationships with 240 short-line railroads and over 70 ports. These connections bolster supply chains, helping regional farmers, manufacturers, and service providers operate more effectively and efficiently.
Looking Ahead
As CSX continues to expand its Select Site program and enhance its service offerings, the company remains committed to providing valuable resources to help businesses grow. The recent recognition of 18 properties exemplifies CSX's focus on creating attractive, ready-for-development options. This positions the company as a pivotal player in the freight and logistics industry while being a catalyst for economic development in the regions that it serves.
Frequently Asked Questions
What is the Select Site program by CSX?
The Select Site program by CSX is an initiative aimed to designate and promote rail-served properties that are ready for industrial development, connecting businesses with viable locations.
Who benefits from the Select Site designation?
Manufacturers and other companies seeking expansion benefit as they gain access to pre-evaluated, ideal locations for establishing operations, contributing to job creation in local communities.
How does CSX support economic growth?
CSX supports economic growth via its extensive transportation network, which connects businesses with essential services, industries, and markets, thereby facilitating logistics and enhancing operational efficiency.
What areas does the CSX network cover?
CSX's network primarily serves the eastern United States, connecting major metropolitan areas with rural regions and ensuring effective access to transportation resources for various industries.
How can I learn more about CSX Corporation?
For more information about CSX Corporation, visit their official website or their social media pages, where updates and news are frequently shared.
About The Author
Contact Henry Turner privately here. Or send an email with ATTN: Henry Turner as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
