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CSX to invest $2.3 billion, expands NE intermodal capacity

Monday, January 28, 2013

CSX Corp. will spend about $2.3 billion on capital projects for regular maintenance and upgrades to its freight rail network in 2013, including to build an intermodal terminal in Canada, the company announced last week. Jacksonville, Fla.-based CSX is the second major North American railroad to announce its investment plans for the upcoming year. A few days earlier, western railroad BNSF said it planned to spend about $4.1 billion on its facilities this year. CSX has invested...

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