CSX To Spend $2.5B in 2015 Capital Projects

CSX said that it plans to spend $2.5 billion in capital improvement projects in 2015 that it said will result in increased efficiency over its 21,000-mile network.

In particular, CSX will reopen a locomotive service facility in Buffalo, N.Y., and construct an intermodal terminal in Pittsburgh that will be part of the railroad’s National Gateway Project.

As part of the latter, CSX will also launch work on starting the enlargement of the Virginia Avenue Tunnel in Washington D.C., so that double-stacked container trains can use it.

Other highlights of the CSX capital budget for 2015 include:

  • Deployment of about 3 million tons of ballast.
  • Replacement of about 3.2 million crossties.
  • Replacing 500 miles of rail and resurfacing an additional 5,300 miles.
  • Repairing about 200 bridges.
  • The purchase and delivery of 200 General Electric ES44AH locomotives.
  • Rebuilding about 95 locomotives.
  • Rebuilding or purchasing about 3,300 railcars.
  • The purchase of 1,000 new containers.
  • Increasing clearances over 425 new miles to accommodate double-stack container trains..
  • Investing $105 million in technology enhancements.

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