CSX Railway Increases 2016 Capex for Locomotive Payments, Sees Progress on Proposed North Carolina Terminal

SUGAR LAND--July 15, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Amid cost cutting and efficiency gains in a tougher market environment, CSX Corporation (NYSE:CSX) (Jacksonville, Florida) is boosting its planned capital expenditures by $300 million for this year. The boost will allow the eastern U.S. railway to speed up payments for locomotives, which in turn will allow it to avoid seller financing charges in 2017. Industrial Info is tracking 20 active CSX projects worth $1.46 billion. Within this article: Update on proposed CSX intermodal terminal in North Carolina.