CSX Express
| January 18, 2016 |
| CSX to Consolidate Operating Divisions Jacksonville, FL – January 18, 2016 – As CSX (Nasdaq: CSX) continues to match its network resources to business demand and drive additional efficiency, the company announced today that it is consolidating its operations administration from 10 divisions to 9 divisions and closing administrative offices at Huntington, West Virginia. Huntington Division administrative responsibilities will be reassigned to five adjoining divisions: Atlanta, Baltimore, Florence, Great Lakes and Louisville. CSX will continue to run trains over the territory, and its yards and other facilities in the Huntington region – including the Huntington locomotive shop – will continue operations. The company remains committed to the Huntington community, which has played a vital role in railroading and American commerce since its namesake Collis P. Huntington completed the Chesapeake and Ohio Railway in 1873. The 121 management and union employees who currently report to the Huntington Division offices will remain employed in the area supporting the transition of administrative responsibilities over the next several months. At the conclusion of the transition period, the timing of which may vary by role, many employees will be given an opportunity to fill positions in other areas of the network. Primarily serving customers in West Virginia, Kentucky, Tennessee and Ohio, the Huntington territory encompasses the Central Appalachian coal fields, which have been significantly affected by low natural gas prices and regulatory actions. Over the past four years alone, CSX’s coal revenues have declined $1.4 billion. Today’s announcement is part of CSX’s focus on reducing structural costs and aligning resources with demand in its coal fields, and follows the reduction of train operations at Erwin, Tennessee and the closing of mechanical shops at Corbin, Kentucky. CSX remains firmly committed to providing safe, reliable rail service to customers throughout the region. CSX maintains more than 2,000 miles of track in West Virginia and handled more than 1.7 million carloads of freight in the state in 2014. About CSX 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 nearly 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 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and 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) |