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How Tomorrow Moves: CSX and the Port of Virginia Challenge: Significant Freight Growth Projected

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How Tomorrow Moves: CSX and the Port of Virginia Challenge: Significant Freight Growth Projected How Tomorrow Moves: CSX and the Port of Virginia Challenge: Significant Freight Growth Projected Virginia Commonwealth Population In millions 9.8 MILLION 8.0 7.1 MORE x 40 TONS 108 TONS Annual freight demand = per person Annual commonwealth freight demand increase from 2010- 2030 2000 2010 2030 Pollution Road & Rail Congestion Logistics Cost Figures according to the Federal Railroad Administration and the US Census Bureau. 222222 Challenge: Shifts in Global Trade are Driving Intermodal Flow to the East Coast Hampton Roads Suez Panama Canal Canal 333333 Challenge: Virginia, Mid-Atlantic Locked Out of CSX Double-Stack Freight Network Double-stacked trains can deliver more freight with fewer trains, dramatically increasing NW Ohio Boston efficiency while reducing rail Chicago Chambersburg line and highway congestion New York Baltimore CSX intermodal traffic to and St. Louis Hampton Roads from Hampton Roads largely limited to single-stack trains Charlotte due to clearance restrictions Memphis Wilmington Current CSX Double Stack Routes New Orleans Florida 444444 National Gateway: Meeting the Challenges 61 clearance projects and 6 new and enhanced terminals, Pittsburgh utilizing the latest technology, in NW Ohio (planned) Boston 6 states and DC Chicago Chambersburg New York Connects Virginia and the Port Baltimore to markets in the Midwest and St. Louis Columbus Southeast, opening new (planned) Baltimore Hampton Roads (planned) demand centers Charlotte (planned Memphis expansion) Wilmington New Orleans Florida 555555 Northwest Ohio Creates ‘Hub & Spoke’ Network Market(s) Benefits Near Term Service increase from 3 Cincinnati to 5 times weekly; reduction in transit time Boston Columbus Service increase from 3 Detroit to 5 times weekly NW Ohio Chambersburg New York Toledo New service Chicago Baltimore Evansville Enhanced service Long Term St. Louis Hampton Roads Greater connectivity to Charlotte western railroads West Coast destinations resulting in reduced Wilmington Memphis transit times of 24 to 48 hours Atlanta Charlotte Indianapolis Louisville New service New Orleans Memphis Tampa Nashville Pittsburgh 666666 Post-TIGER National Gateway Project Status Northwest Ohio Boston Terminal Buffalo Chicago New York Phase I : Northwest OH Chambersburg to Chambersburg, PA Baltimore Phase 2 : Chambersburg, PA to St Louis Baltimore, MD Charlotte Phase 3 : Baltimore, MD Memphis Wilmington to Hampton Roads, VA and Wilmington, NC Funded and underway Not funded Not all clearance projects Projects funded jointly by CSX and states of Virginia shown and North Carolina 777777 The Next Phase: Complete the National Gateway CSX committing an additional $160 million to double-stack and double- track the Virginia Avenue Tunnel and complete the National Gateway Outgrowth of successful partnership between CSX and Commonwealth of Virginia, our largest state funding partner Represents CSX’s commitment to and investment in Virginia’s port strategy — Expanding rail access to and from Hampton Roads — Linking Virginia to CSX double- stacked network 888888 The National Gateway: A True-Public Private Partnership VA Federal $98 Million States $184 Million (VA $42 Million) CSX $595 Million $1 of public funds invested = Federal State CSX $35 in public benefits 999999 National Gateway: Major Benefits for Virginia billion Total public benefit from National 2.3 billion $10 Gateway over the next 30 years Trucks miles avoided on Virginia highways $950 million $70 million Saved in highway maintenance costs in Virginia 3 million Tons of CO 2 emissions reduced in Virginia 1,976 Jobs created in Virginia and Metro Washington Total public benefit for the Commonwealth of Virginia Figures according to 2009 TIGER grant application and tax/wage information. 101010101010.
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