CSX to invest in major rail upgrade

csxCSX Corp.’s proposal to upgrade the freight corridor between Indianapolis, Indiana and Louisville has received the approval of the U.S. Surface Transportation Board. The proposal was made jointly with Anacostia Rail Holding’s subsidiary Louisville & Indiana Railroad. CSX’s investment for this project will amount to approximately $100 million (93,5 million euros). The project will include the installation of new rail, upgrades to the rail bed structure and bridge improvements.
“These upgrades will benefit L&I and CSX customers in the Midwest and across the companies’ networks by improving operational efficiency, allowing more direct transit across Ohio, Indiana and Kentucky, and reducing congestion in those states. The privately funded upgrades … will enhance service and capacity on this rail line,” said Oscar Munoz, CSX president and chief operating officer.

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