TURNAROUND TIME : EXPANDING CAPACITY, EMBRACING 'SCHEDULED' RAILROAD WILL BOOST CSXT'S PERFORMANCE THROUGH 2010, SENIOR EXECS SAY

This article outlines CSXT’s new ONE Plan, which increases spending on infrastructure and operations from around $1 billion to $1.4 billion annually with the intention being a lowering of their cost ratio by 2010. ONE Plan’s facilitation of such a lowering will be through a number of different strategies, including quickening average train speed, shortening terminal dwell time, increasing the number of locomotives and cars, implementing new technologies, hiring more employees, and expanding capacity on the railroad’s lines between Chicago, Florida, New York City, and Albany. CSXT management anticipate double-digit earnings resulting from the ONE Plan, along with annual revenue of six percent, a volume increases of three percent, and an operating ratio in the low 70s range (which is now the competitive range in train operation). CSXT also plans on building four integrated logistics centers that will provide intermodal, warehousing, and logistics services. These centers will be located in Illinois, Ohio, North Carolina, and southern Florida.

  • Availability:
  • Supplemental Notes:
    • Page range: pp 18, 21
  • Corporate Authors:

    Trade Press Publishing Corporation

    2100 West Florist Avenue
    Milwaukee, WI  United States  53209-
  • Authors:
    • Stagl, J
  • Publication Date: 2005-9

Language

  • English

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 01006953
  • Record Type: Publication
  • Source Agency: UC Berkeley Transportation Library
  • Files: BTRIS, TRIS
  • Created Date: Nov 8 2005 7:33AM