Description of the Company CSX Corporation is a public company which deals in transportation services, railways, real estate and technology in North America. CSX Corporation was formed in 1980 when two company’s (Chessie system and Seaboard Coastline Industries) decided to merge along with various railroads owned by them. At this point of time in the market, CSX Corporation has a lot of subsidiaries, and one of the major subsidiaries is CSX Transportation. CSX Transportation provides a way of connection to the transportation supply chain to network with around 21 route miles of track in 23 states, which involves the areas such as “the District of Columbia and the Canadian provinces of Ontario and Quebec” (CSX Corporation, 2016). Not only this, …show more content…
While offering these services, the company is aware of certain issues regarding air emissions and highway congestion. Therefore, the company is taking some measures to preserve the environment from the hazardous effects of it. CSX Corporation has invested more than $2.1 billion in the improvements related to capital and technology that explicitly focused on the subject of increasing fuel efficiency. In 2014, CSX Corporation and General Electric (GE) concentrated on a software development named Trip Optimizer that can determine the optimal locomotive trip plan. This kind of determination will surely help in simplifying the handling of trains and will also help in minimizing the excessive fuel burn which will eventually lead to a vast improvement in the efficiency. Currently, the company has fitted approximately 1500 trip optimizers in the locomotives and as a result, there was 10.2 % or 11.8 gallons of averaged fuel …show more content…
The Chairman and Chief Executive Officer (Mr. Michael Ward) of CSX Corporation say, “We partner with national organizations that address some of the today’s most pressing societal issues, like helping children in our communities get access to proper nutrition and keeping them in school” (CSX Corporation, 2016). This proves that the company is trying to create awareness among the people so that they can be educated. Furthermore, CSX Corporation believes in taking a facts based approach when attempting to educate people through its safety programs such as Emergency Preparedness Program, which helps in providing specialized, hands-on tank car training. Economic Impact: As the overall population of the country is increasing day by day, CSX Corporation is taking initiatives to contribute its share of maintaining the stability of the economy of the country. CSX Corporation is involved with its public partners on 107 projects and has invested more than $3.5 million in these projects. Investment in this kind of projects will help in generating nearly 5,800 new jobs and 161,000 annual carloads of new business for CSX Corporation, which will in return help the overall economy to