CSX Rapidly Restores Service Following Hurricane Irma
September 21 2017 - 3:01PM
CSX (Nasdaq:CSX) rapidly restored service throughout the areas
affected by Hurricane Irma and continues to show improvement on key
service metrics as the railroad advances its implementation of
Precision Scheduled Railroading.
CSX President and Chief Executive Officer E. Hunter Harrison
today said, “I’m extraordinarily proud of our team of dedicated
railroaders, who worked tirelessly to prepare for and respond to
the impacts of Hurricane Irma. Thanks to the dedication of these
individuals, CSX was able to quickly and safely restore service to
its customers, while continuing to make progress in the transition
to our new operating model.”
Following Hurricane Irma, which struck Florida on Sunday, Sept.
10, with devastating winds and flooding, CSX re-established rail
service in most of the southeast U.S. within hours, into and out of
northern Florida within 24 hours, and throughout the vast majority
of the state within one week. Restoring service required clearing
nearly 8,000 fallen trees from obstructed tracks and deploying
hundreds of generators to operate railroad signals and crossings in
response to widespread commercial power outages. Prior to the
storm, CSX evacuated more than 1,500 rail cars from the State of
Florida, and held nearly 200 trains and thousands of cars to avoid
damage from the hurricane.
Despite the impacts of Irma, key service metrics show that CSX’s
operational performance continues to improve. Terminal dwell times
have decreased for seven consecutive weeks, while train velocity
has steadily increased over the last four weeks, excluding
localized hurricane impacts.
“We’re back on our feet and committed to fully implementing our
new operating model,” Harrison said. “We remain confident that
Precision Scheduled Railroading will provide lasting benefits to
our customers, our employees and our shareholders.”
In addition to restoring rail operations, CSX also has been
active in helping communities and individuals recover from the
impacts of Hurricane Irma through charitable contributions and
in-kind donations to local, state and national relief agencies.
Among them, CSX has contributed $100,000 and up to $50,000 in
in-kind transportation services to Feeding Florida, to provide food
and supplies to residents of the state affected by the recent
storm. CSX also has worked with the State of Florida to expedite
critical shipments of propane, animal feed and other commodities
essential for residents of the peninsula.
“CSX is committed to the wellbeing of the communities in which
we operate,” said Harrison. “We are honored to partner with Feeding
Florida to support Irma relief efforts throughout the state.”
About CSXCSX, 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 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 http://www.csx.com and on Facebook
(http://www.facebook.com/OfficialCSX).
Contact: Rob Doolittle, Corporate
Communications202-626-4939Rob_doolittle@csx.com
CSX (NASDAQ:CSX)
Historical Stock Chart
From Mar 2024 to Apr 2024
CSX (NASDAQ:CSX)
Historical Stock Chart
From Apr 2023 to Apr 2024