CSX announces new growth initiatives for Northwest Ohio Intermodal Terminal
10/2/2018 10:01:05 AM
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JACKSONVILLE, Fla., Oct. 02, 2018 (GLOBE NEWSWIRE) — CSX Corporation (NASDAQ: CSX) today announced new growth initiatives for its Northwest Ohio Intermodal Terminal. These initiatives include: a new haulage agreement with the BNSF Railway Company (BNSF) that enhances western access into the Ohio Valley; a partnership with NorthPoint Development to construct an adjacent logistics park; and expanded eastern access to the facility via new service to and from the Port of New York and New Jersey. In combination, these opportunities position the strategically-located terminal for growth and strengthen CSX’s value offering in the Ohio Valley.
James M. Foote, President and Chief Executive Officer, said, “CSX’s Northwest Ohio Intermodal Terminal is ideally situated on CSX’s main line network 30 miles south of Toledo on Interstate 75 and is surrounded by a population of nearly 30 million within a 200-mile radius. We are excited to transform Northwest Ohio into a regional demand point that provides attractive solutions for customers and supply chain needs.”
The agreement with BNSF builds on a strong partnership to launch a premium intermodal service product between Los Angeles and CSX’s Northwest Ohio terminal. The domestic and international container service is scheduled to begin on October 29, 2018.
NorthPoint Development will build a logistics park adjacent to the Northwest Ohio facility with access to over 500 acres for the project. The logistics park will include traditional warehousing and distribution capabilities, as well as value-added services such as a container yard and equipment storage, export container stuffing, and transload and breakbulk resources, all within a heavy-haul local corridor.
To enable customers to fully take advantage of the amenities provided by the terminal and logistics park, CSX will expand existing east coast port offerings to and from Northwest Ohio by adding service between the facility and the Port of New Yorkand New Jersey.
This suite of new services and support are enabled by the improved train plan and simplified switching operation at the Northwest Ohio terminal, which will contribute to long-term, profitable intermodal growth.
About the Northwest Ohio Intermodal Terminal
Built in 2011, CSX’s Northwest Ohio facility is one of North America’s most technologically advanced and environmentally friendly terminals. With seven wide span electric cranes, significant track infrastructure and technology that minimizes truck idle time, it is a highly efficient and automated terminal that operates 24 hours a day on over 500 acres. Northwest Ohioboasts a lift capacity of 700,000 for local operations, with ground storage available for more than 2,000 units. It is strategically located on CSX’s mainline between Chicago and the Northeast, and is situated three miles from Interstate 75 for convenient truck access to local and regional markets.
CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For over 190 years, CSX has played a critical role in the nation’s economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation’s population resides. It also links more than 230 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike.