CSX Creates Opportunities for Increased Cross-border Trade with New Intermodal Terminal in Montreal

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CSX Creates Opportunities for Increased Cross-border Trade with New Intermodal Terminal in Montreal

JACKSONVILLE, Fla. - December 16, 2014 - CSX (NYSE: CSX) announced the opening of a new intermodal terminal in Salaberry-de-Valleyfield near Montreal, Quebec. The facility expands CSX's intermodal network capacity and offers Canadian customers domestic and international service that connects with the railroad's 21,000 mile network in the United States.

"CSX continues to invest in our intermodal business as a key growth driver and we look for long-term opportunities, such as increased north-south trade access outlined by the North American Free Trade Agreement," says Clarence Gooden, Executive Vice President and Chief Commercial Officer at CSX. "Opening a terminal near Montreal creates an opportunity to build relationships with new customers on our network, expand access to new markets, and improve the efficiency of the North American supply chain."

The $100 million terminal, which spans 89 acres, includes cutting-edge equipment to capitalize on the efficiency and environmental benefits of intermodal rail transportation, such as three state-of-the-art rubber-tire gantry cranes - the first of their kind at an Eastern Canadian intermodal facility. Construction also incorporated environmentally sustainable innovations in the areas of noise abatement and protection of downstream waterways. 

With capacity for 100,000 loads, the Valleyfield terminal is an important addition to the railroad's unique intermodal network, which offers both point-to-point corridor service and a hub-and-spoke model that allows it to reach into small- and medium-sized markets, to capitalize on the growing demand for intermodal transport. Trains serving the new terminal will also connect through the Northwest Ohio intermodal hub, offering efficient access to markets across the United States and Canada.

About CSX

CSX, based in Jacksonville, Florida, is a premier transportation company. Through its subsidiaries, 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 more than 185 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 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and small farming towns alike. More information about CSX Corporation and its subsidiaries is available at www.csx.com. Like us on Facebook (http://www.facebook.com/OfficialCSX) and follow us on Twitter (http://twitter.com/CSX).

Contact:

Melanie Cost, Corporate Communications

904-359-1702