CSXT Boosts Spending with Minority Suppliers to Record Level

JACKSONVILLE, Fla. — CSX Transportation Inc. significantly increased its spending on products and services with minority providers in 2010, setting a new record, the company said.

The company spent nearly $105 million with firms owned by minorities and women. The products and services range from signals to technology.

“Encouraging business with minority and women-owned suppliers diversifies and strengthens our supplier base, and creates good jobs for our economy,” said Fran Chinnici, vice president-purchasing. “Good business fundamentals include diversity in all aspects of what we do. We recognize the value of expanding our base of qualified suppliers in a competitive marketplace.”

Despite some consolidation among minority suppliers of specialized rail products, CSXT increased its spending with minority suppliers under the Minority Supplier Purchasing Program. That increase was the result of continually updating its supplier database and reaching out to minority firms to encourage participation in competitive bidding.