Railway operator CSX is to invest $2.3 billion this year in fleet and infrastructure upgrades.
Planned improvements will include the National Gateway initiative to create double-stack intermodal train access between the mid-Atlantic ports and the Midwest.
The investment is also expected to include $325 million for the implementation of the industry’s Positive Train Control programme.
“The continued strong investment in CSX is a clear reflection of our desire to bring lasting transportation solutions to our customers, as well as to enable the inevitable movement of even more freight to rails,” said Michael Ward, president, chairman and chief executive officer of CSX.
CSX has invested $7.8 billion in its network over the past four years.
The $2.3 billion programme was outlined in the company’s fourth quarter and full-year earnings presentation earlier this week.
