STOCK TITAN

Rickenbacker South Industrial Rail Park Receives CSX Select Site Platinum Designation

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

CSX Corp announced that the Rickenbacker South Industrial Rail Park in Harrison Township, Ohio has received a Platinum CSX Select Site designation. The 671-acre property, located adjacent to CSX's mainline in Columbus, features significant electric capacity potential exceeding 100 MW and quick access to major highways. The site is the third in Ohio to receive this designation since 2012. CSX Select Sites have attracted manufacturers with projected capital investments of $17.7 billion and nearly 14,000 new jobs. The program, launched in 2012, identifies development-ready properties along the CSX network that meet rigorous criteria including infrastructure availability, environmental reviews, and rail serviceability.

CSX Corp ha annunciato che il Rickenbacker South Industrial Rail Park a Harrison Township, Ohio, ha ricevuto la designazione di Sito Selezionato Platino CSX. La proprietà di 671 acri, situata adiacente alla linea principale di CSX a Columbus, presenta un potenziale di capacità elettrica significativo superiore a 100 MW e un rapido accesso alle principali autostrade. Questo sito è il terzo in Ohio a ricevere questa designazione dal 2012. I Siti Selezionati CSX hanno attratto produttori con investimenti di capitale previsti di 17,7 miliardi di dollari e quasi 14.000 nuovi posti di lavoro. Il programma, lanciato nel 2012, identifica proprietà pronte per lo sviluppo lungo la rete CSX che soddisfano rigide criteri, inclusi la disponibilità di infrastrutture, le revisioni ambientali e la servibilità ferroviaria.

CSX Corp anunció que el Rickenbacker South Industrial Rail Park en Harrison Township, Ohio, ha recibido la designación de Sitio Seleccionado Platino de CSX. La propiedad de 671 acres, ubicada adyacente a la línea principal de CSX en Columbus, presenta un significativo potencial de capacidad eléctrica que supera los 100 MW y un acceso rápido a las principales autopistas. Este sitio es el tercero en Ohio en recibir esta designación desde 2012. Los Sitios Seleccionados de CSX han atraído a fabricantes con inversiones de capital proyectadas de 17.7 mil millones de dólares y casi 14,000 nuevos puestos de trabajo. El programa, lanzado en 2012, identifica propiedades listas para el desarrollo a lo largo de la red de CSX que cumplen con criterios rigurosos, incluyendo la disponibilidad de infraestructura, revisiones ambientales y la capacidad de servicio ferroviario.

CSX Corp는 오하이오주 해리슨 타운십의 리켄바커 사우스 산업 철도 공원플래티넘 CSX 선택 사이트로 지정되었다고 발표했습니다. 671 에이커 규모의 이 부지는 콜럼버스의 CSX 주요선 인접에 위치하고 있으며, 100 MW를 초과하는 상당한 전기 용량 잠재력을 갖추고 있고 주요 고속도로에 빠르게 접근할 수 있습니다. 이 사이트는 2012년 이후 오하이오에서 세 번째로 이 지정을 받았습니다. CSX 선택 사이트는 177억 달러의 자본 투자가 예상되는 제조업체들을 유치했으며, 거의 14,000개의 새로운 일자리를 창출했습니다. 2012년에 시작된 이 프로그램은 CSX 네트워크를 따라 개발 준비가 된 부지를 식별하며, 여기에는 인프라 가용성, 환경 검토 및 철도 서비스 가능성 등의 엄격한 기준이 포함됩니다.

CSX Corp a annoncé que le Rickenbacker South Industrial Rail Park dans le township de Harrison, Ohio, a reçu la désignation de Site Sélectionné Platine CSX. Cette propriété de 671 acres, située à côté de la ligne principale de CSX à Columbus, présente un potentiel de capacité électrique significatif supérieur à 100 MW et un accès rapide aux principales autoroutes. Ce site est le troisième dans l'Ohio à recevoir cette désignation depuis 2012. Les Sites Sélectionnés CSX ont attiré des fabricants avec des investissements en capital prévus de 17,7 milliards de dollars et près de 14 000 nouveaux emplois. Le programme, lancé en 2012, identifie des propriétés prêtes pour le développement le long du réseau CSX qui répondent à des critères rigoureux, notamment la disponibilité d'infrastructures, les examens environnementaux et la capacité de service ferroviaire.

CSX Corp gab bekannt, dass der Rickenbacker South Industrial Rail Park in Harrison Township, Ohio, die Auszeichnung als Platin CSX Select Site erhalten hat. Das 671 Hektar große Grundstück, das direkt an die Hauptstrecke von CSX in Columbus anschließt, bietet ein erhebliches Potenzial für elektrische Kapazitäten von über 100 MW und einen schnellen Zugang zu wichtigen Autobahnen. Es ist der dritte Standort in Ohio, der seit 2012 diese Auszeichnung erhält. CSX Select Sites haben Hersteller angezogen, die mit voraussichtlichen Investitionen von 17,7 Milliarden Dollar und fast 14.000 neuen Arbeitsplätzen rechnen. Das 2012 ins Leben gerufene Programm identifiziert entwicklungsbereite Grundstücke entlang des CSX-Netzwerks, die strengen Kriterien wie Infrastrukturverfügbarkeit, Umweltgutachten und Schienenservicefähigkeit entsprechen.

Positive
  • Site has potential for over 100 MW electric capacity delivery
  • Strategic location with access to major highways and CSX mainline
  • Part of CSX Select Sites program that has attracted $17.7B in projected investments
  • Program has generated nearly 14,000 new jobs since inception
Negative
  • None.

Insights

The CSX Select Site Platinum designation for Rickenbacker South Industrial Rail Park represents a strategic expansion of CSX's development-ready property portfolio. The 671-acre site's key advantages include 100+ MW power capacity, prime location near Columbus and multimodal transportation access. Historical data shows Select Sites have generated $17.7 billion in capital investments and created nearly 14,000 jobs since 2012.

The designation positions CSX to capitalize on growing industrial and manufacturing demand in the Columbus metro area. The site's extensive power capacity makes it particularly attractive for energy-intensive operations like data centers or advanced manufacturing facilities. However, the immediate revenue impact for CSX will be minimal until tenants are secured and begin operations.

JACKSONVILLE, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) today announced that the Rickenbacker South Industrial Rail Park in Harrison Township, Pickaway County, Ohio has been designated as a Platinum CSX Select Site.

Select Sites are development-ready properties along the CSX network where standard land use considerations and comprehensive due diligence items have been previously addressed. These properties can meet the needs of a wide variety of manufacturers, significantly reducing the time required to construct facilities and ultimately bringing products to market.

Rickenbacker South Industrial Rail Park is a 671-acre property adjacent to the CSX mainline in Columbus, Ohio. The park is ideal for rail users that also require significant electric capacity. With transmission lines crossing the site and a large transmission substation down the road, more than 100 MW could be delivered to the site.

The park’s planned transportation upgrades, blessed by the Ohio Department of Transportation, show an effective road transportation network related to industrial use in the area. The site has quick access to US Highway 23 and is approximately seven miles south of Interstate 270, the beltway for metro Columbus.

CSX introduced the Select Site program in 2012 to better serve new and existing customers on its network and those of its short line partners. CSX works with Austin Consulting, a nationally known site-selection consulting firm, to screen candidate sites and assist communities with the application and certification process.

To receive the Platinum CSX Select Site designation, the location must meet a rigorous list of criteria, including infrastructure and utility availability, environmental reviews, appropriate zoning and entitlement, air quality permitting, rail serviceability, proximity to highways or interstates, and other attributes.

Since their roll out in 2012, Select Sites have attracted dozens of manufacturers, with capital investments projected to reach $17.7 billion and realize nearly 14,000 new jobs.

The Rickenbacker South Industrial Rail Park is now the third site in Ohio to have received the Platinum CSX Select Site designation since 2012. This property is one of 27 properties across CSX’s service territory to have met this rigorous site selection criteria over the program’s history.

Quotes

“We are proud to be a trusted partner, enabling capital investment, job creation, and sustainable development in the communities we serve. The Select Site in Harrison Township represents a vital link in driving economic growth while delivering innovative solutions that move America forward–safely, efficiently, and reliably.” – Christina Bottomley, CSX, Vice President of business development and real estate

“The inventory of large, rail-served, industrial properties in the U.S. is limited, and many of these sites have a constrained labor draw and/or are a significant distance from necessary utilities. The Rickenbacker South Industrial Rail Park offers more than 600 acres of flat land adjacent to a rail line in a growing metropolitan area.” – Jonathan Gemmen, Austin Consulting, Senior Director

"We are thrilled that Rickenbacker South has been designated as a Platinum CSX Select Site, a status that underscores the exceptional strategic advantages of this site. This designation not only highlights the site's superior logistics capabilities but also qualifies it as an elite destination for businesses looking to enhance their supply chain efficiencies.” – Terry Coyne, Terry Coyne Properties, site developer

"Our region's growth is a direct result of strategic collaboration between public and private entities, ensuring we are prepared for future development opportunities. We are building a foundation to attract industrial and advanced manufacturing investment and drive economic prosperity in the Rickenbacker area for years to come.” – Jay Wippel, President, Pickaway County Commissioners

“Rickenbacker South Industrial Rail Park is a prime example of how strategic planning and proximity to critical infrastructure can create unmatched opportunities for development. With direct access to the CSX rail network, nearby highways, Rickenbacker International Airport, and other robust infrastructure, this site is perfectly positioned to meet the evolving needs of the industry and drive future development in the region.” – Tim Colburn, Pickaway Progress Partnership, Executive Director

About CSX

CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural and consumer products. For nearly 200 years, CSX has played a critical role in the nation’s economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation’s population resides. It also links more than 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike. More information about CSX Corporation and its subsidiaries is available at www.csx.com. Like us on Facebook (http://facebook.com/OfficialCSX) and follow us on X, formerly known as Twitter (http://twitter.com/CSX).

Contact:
Matthew Korn, CFA, Investor Relations
904-366-4515

Austin Staton, Media Relations
855-955-6397


FAQ

What is the size of the Rickenbacker South Industrial Rail Park designated as CSX Select Site?

The Rickenbacker South Industrial Rail Park is a 671-acre property located in Harrison Township, Pickaway County, Ohio.

How many CSX Select Sites have been designated in Ohio since 2012?

Rickenbacker South Industrial Rail Park is the third site in Ohio to receive the Platinum CSX Select Site designation since 2012.

What are the total projected investments and jobs created by CSX Select Sites?

CSX Select Sites have attracted manufacturers with projected capital investments of $17.7 billion and are expected to create nearly 14,000 new jobs.

What is the electric capacity potential at the Rickenbacker South CSX Select Site?

The site has the potential for more than 100 MW of electric capacity delivery, thanks to transmission lines crossing the site and a nearby large transmission substation.

CSX Corporation

NASDAQ:CSX

CSX Rankings

CSX Latest News

CSX Stock Data

67.48B
1.94B
0.22%
78.52%
1.43%
Railroads
Railroads, Line-haul Operating
Link
United States of America
JACKSONVILLE