CSX Corporation announced the relocation of its corporate headquarters to Jacksonville, Fla., from Richmond, Va., on Feb. 15.
“This decision continues CSX’s strategic evolution from a multimodal transportation company to a streamlined enterprise with greater focus on our railroad,” said Michael J. Ward, CSX chairman, president and chief executive officer. “As a result, we no longer need a central location for our holding company, and it makes business sense to locate the corporate headquarters in the same city as the major operating unit, CSX Transportation.
“We have a deep and lasting gratitude for the relationships formed in Richmond and will continue to work with the city and the Commonwealth to remain part of important economic activity,” Ward said.
He further noted that Richmond has a strong business climate and that CSX will continue to have more than 200 employees in the city and almost 1,400 in the Commonwealth. With this transition, CSX becomes the second Fortune 500 company headquartered on Florida’s First Coast and the 12th in the state. More than 7,000 of CSX’s nearly 40,000 employees are located in Florida. The company has more than 5,200 employees in Jacksonville.
Ward added, “Political and business leaders at the state and local levels have long worked to make Florida and Jacksonville great places for people to live and companies to prosper. It is to the credit of leaders like Mayor John Delaney and Governor Jeb Bush that they have created an environment that promotes strong business growth and a great quality of life.”
In addition to the corporate and railroad headquarters, Jacksonville also serves as headquarters for CSX Technology, a company that provides a wide range of information technology applications, and CSX Intermodal, one of the nation’s largest transcontinental intermodal transportation service providers.
Ward concluded: “Our goal is to continue to be a good corporate citizen whose employees contribute not only to the economic strength of Jacksonville and Florida, but to the community’s strength as well.”