The investment in infrastructure is directly tied to the country’s economic success, a CSX executive said last week.
“Infrastructure investments are catalysts to economic growth that improve the United States’ competitiveness and strengthen and protect the communities adjacent to projects,” Louis Renjel, CSX vice president of strategic infrastructure initiatives, said last week. “For CSX, new intermodal terminals, tunnel expansions and other network enhancements that enable us to offer more efficient service to our customers helps them grow, creating jobs and expanding opportunities for companies in the supply chains that support them.
“It is vital that local, state and federal partners understand the urgency of infrastructure development and the widespread impact it can have on the strength of the economy, as well as the price that we all pay when infrastructure growth is constrained by inefficient review processes.”
CSX has invested more than $14 billion since 2005 in making its network the safest and most efficient means of transportation in the East, and plans $2.3 billion in capital investments in 2014. Priorities for CSX in 2014 include continued investment in track and infrastructure, as well as new facilities in Florida and Canada, and expansions of other facilities across the network.