CSX Railroad Investments Trailing only Union pacific and Burlington Northern Santa FE, CSX Railroad is the nation's third largest rail carrier by revenue (nine billion in 2009) according to Fortune 500 (CNN Money 2010). In fiscal year 2009 the company spent 1.4 billion dollars on capital projects designed to "create competitive advantages for customers, grow the business, create jobs and deliver shareholder value" (Progressive Railroading. October 13, 2010). In 2010-2011 "as part of their long-term focus, CSX will invest $1.7 billion annually to maintain their network, comply with new government requirements, install new technology, purchase railcars and build or expand intermodal terminals" (CSX Annual Report 2009). With the resurgence of railroad as a cost effective and efficient method of cargo transportation, CSX understands the strategic importance of capital spending in its efforts to gain competitive advantage in the industry. With that in mind CSX has initiated two projects which require...
The two projects (National Gateway and Positive Train Control System- PTC) are pertinent examples of how CSX must budget resources for strategic improvements as well as for maintaining compliance with federal regulations.Railroad Policy Analysis The national railroad system has been a tremendous asset to this country since its debut. Without the iron horse, our country would not have developed the means for transporting large quantities of goods from coast to coast. The changing of time has created many technological changes for the rail industry, but to a great extent these changes have been slow to be implemented. Additionally, the nation has undergone
Railroad Maps Describe the economic opportunities beckoning newcomers in all regions of the country as a result of industrialization, urbanization, and immigration. The expansion of the nation's railroads by 1870, helped to fuel a tremendous amount of economic growth westward. as, the nation was rapidly developing regions that were considered to be difficult due to: adverse weather conditions, vast distances and the possibility of violence from Indian attacks. Once the railroad was
Railroad Land Grants: Economically Justified? The American government's land grant policy and provision of subsidies to private railroad companies in the nineteenth century has been the subject of much discussion by historians and economists alike. However, few writers have examined the economic issues involved in the subsidies in detail, leading at times to the wrong conclusions. Lloyd J. Mercer, a Professor of Economics at the University of California (Santa Barbara) is
Urbanization is changing the way people live and work in America. With higher population density, residents are creating economies of scale that allow greater access to goods from around the world at competitive prices. All the cities of the Eastern United States are linked via trade routes to the Old World and beyond, introducing items ranging from spices and food to luxury goods. The American trade industry is booming so
Social, Economic and Political Results From Railroad Development in the United States In the span of about fifty years in the middle of the 19th Century, the United States changed from a vast country separated by wide, empty spaces to a country connected by railroads. In the process, the railroads affected the social and economic development of the country and had major effects on some of the most important political events
" The U.S. railroads stated featherbedding bill figures to be approximately $500 million a year. (Time & CNN, 1959; paraphrased) Summary and Conclusion One cannot presume to visit any city or town in the United States in today's world without seeing or hearing a train as it chugs down the railroad tracks from one destination to another every busy. While not much attention is given to today's railroad companies, it is certain
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