Csx Train Marketing

In: Business and Management

Submitted By Andy666050
Words 4328
Pages 18
Team Project

CSX Railroad

Team 24:

Section 1: Company and Industry Background
CSX is a rail based transportation company that carries the nation’s commodities like coal, agricultural products, merchandise, and other materials. Headquartered in Jacksonville, FL, CSX serves 23 states across the eastern United States and parts of Canada. The 21,000 mile rail network reaches more than 70 water ports throughout the region and operates nearly 4200 locomotives that carry roughly 190,000 freight cars and containers daily. CSX employees over 31,000 people and realized just over $12 billion in revenue in 2013. (Ward, 2012)
The railroad industry in America is divided by the Mississippi river. Union Pacific and Burlington Northern & Santa Fe dominate the west with CXS and Norfolk Southern to the east. Union Pacific is the largest railway company in the country. It encompasses 23,000 miles of track in 23 western states. Union Pacific ended 2013 with almost $22 billion in revenue. Burlington Northern & Santa Fe is the second largest railway in the country and is owned by Berkshire Hathaway with $21 billion in revenue. CSX falls in at number three and Norfolk Southern makes the list at number four. Norfolk Southern is the only real rail competitor to CSX, sharing the eastern part of the country. Norfolk Southern’s annual revenue is similar to CSX at $11 billion with around 31,000 employees. (Henage, 2013)
Starting in 1827, CSX’s history dates back to the beginning of the American railroad industry with the first charter of Baltimore and Ohio Railroad Company and through a long list of railway mergers throughout the 20th century. CSX was incorporated in 1978 under Virginia law. In 1980, with the merger of the Chessie System and Seaboard Coast Line Industries, CSX was able to connect the northern population areas with the southeastern markets. CSX…...

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