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CSX CORP : CSX Recognized by Maryland Green Registry for Environmental Stewardship

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06/08/2011 | 11:55am EDT

JESSUP, Md., June 8, 2011 /PRNewswire via COMTEX/ --

CSX Corporation today announced the company has received the Maryland Green Registry's 2011 Leadership Award for its commitment to improvements and achievements in environmental stewardship.

The award specifically highlights CSX's deployment of ultra-low emission GenSet locomotives around its network, including the company's Curtis Bay Yard in Baltimore, Md. That GenSet, the 21st acquired by CSX, is the first of two to be deployed in Maryland and represents an innovative public-private partnership between CSX, the United States Environmental Protection Agency (EPA) and the Mid-Atlantic Regional Air Management Association (MARAMA).

"We appreciate the Maryland Green Registry recognizing our dedication to improving air quality and the company's overall commitment to environmental sustainability in the State of Maryland," said Carl Gerhardstein, assistant vice president, environmental systems and sustainability, CSX. "Deploying GenSets in Maryland is part of our company-wide initiative to continue capitalizing on the environmental benefits of shipping freight by rail."

The Maryland Green Registry is a voluntary initiative of the State of Maryland, designed to share best practices in environmental leadership among companies dedicated to improving their environmental footprints in the state. CSX joined the Registry in 2010 to share experiences with and learn from companies seeking to become better environmental stewards.

In addition to deploying GenSets, CSX is investing significant resources in the National Gateway in Maryland, an innovative public-private partnership that will modernize aging infrastructure to allow for more efficient double-stacked intermodal trains. Double-stacking containers allows freight to be moved more efficiently, reducing fuel use and emissions and improving air quality for Maryland residents. CSX also recently announced that the company achieved ahead of schedule its voluntary goal of reducing greenhouse gas emissions by 8 percent per revenue ton mile by the end of 2011.

About CSX

CSX Corporation, based in Jacksonville, Fla., is one of the nation's leading transportation companies, providing rail, intermodal and rail-to-truck transload services. The company's transportation network spans approximately 21,000 miles, with service to 23 eastern states and the District of Columbia. CSX's network connects more than 240 short line and regional railroads and more than 70 ocean, river, and lake ports. More information about CSX Corporation and its subsidiaries is available at www.csx.com.

SOURCE CSX Corporation

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Financials ($)
Sales 2016 10 798 M
EBIT 2016 3 178 M
Net income 2016 1 646 M
Debt 2016 10 701 M
Yield 2016 2,38%
P/E ratio 2016 17,49
P/E ratio 2017 15,85
EV / Sales 2016 3,66x
EV / Sales 2017 3,55x
Capitalization 28 853 M
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 30,4 $
Spread / Average Target -0,30%
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NameTitle
Michael J. Ward Chairman & Chief Executive Officer
Clarence W. Gooden President
Cindy M. Sanborn Chief Operating Officer & Executive VP
Frank A. Lonegro Chief Financial Officer & Executive Vice President
Kathleen Brandt Chief Information Officer & Senior Vice President
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