advertisement

---

As had long been rumored, CSX Corp. on Feb. 25 announced plans to relocate its corporate headquarters from Richmond, Va., to Jacksonville, Fla.


"This decision continues CSX's strategic evolution from a multi-modal transportation company to a streamlined enterprise with greater focus on our railroad," said Michael Ward, CSX chairman, president and chief executive officer, in a prepared statement. "As a result, we no longer need a central location for our holding company, and it makes business sense to locate the corporate headquarters in the same city as the major operating unit, CSX Transportation."


CSX plans to maintain ties to Richmond, and expects to employ more than 200 in the city and about 1,400 in the commonwealth. More than 7,000 of CSX's 40,000 employees are located in Florida; 5,200 in Jacksonville, including CSX Technology and CSX Intermodal workers.


"Our goal is to continue to be a good corporate citizen whose employees contribute not only to the economic strength of Jacksonville and Florida, but to the community's strength, as well," said Ward.