CSX Invests $160 Million In Edgecombe County, North Carolina, Intermodal Terminal
According to state officials, CCX will transfer containerized cargo between trains and trucks, processing more than 260,000 containers per year initially. Building the facility is expected to create 250 to 300 short-term jobs in engineering, technical services and construction. Conservative estimates indicate that the hub is expected to create 1,500 jobs throughout North Carolina as a result of the terminal’s operations.
“This historic project is part of our 25-year vision for transportation because it facilitates efficient and cost-effective movement of goods, which is critical for job creation and economic growth,” said Governor Pat McCrory. “The Carolina Connector will be a game-changer for our state’s economy, supporting North Carolina’s agriculture, ports and position as the Southeast’s No. 1 state for manufacturing jobs.”
“In partnership with the State of North Carolina and Rocky Mount, CSX is proud to bring this transformational project to eastern North Carolina which will provide cheaper, faster and more environmentally-friendly connections for North Carolina’s businesses and ports to domestic and international markets. Rocky Mount’s vision for economic development, strategic location on the CSX network, and our existing rail operations and long-standing community ties make it an ideal choice for the Carolina Connector,” said CSX Chairman/CEO, Michael J. Ward. “We look forward to partnering closely with the Rocky Mount community to create jobs and economic opportunities.”
Helping facilitate CSX’s choice of North Carolina for the project is a Job Development Investment Grant (JDIG) approved earlier today by the Economic Investment Committee. Under the terms of the grant, CSX is eligible to receive as much as $4.3 million in total reimbursements. Payments will occur in annual installments pending verification by two state agencies that the company has fulfilled job creation and capital investment requirements.
“The Carolina Connector intermodal hub will do far more than provide new jobs in Rocky Mount,” said Commerce Secretary John E. Skvarla, III. “It will enhance connections among suppliers and buyers in a way that spins off exciting opportunities for job growth throughout North Carolina.”
“The close proximity of Rocky Mount to CSX’s main north-south line, I-95 and the future I-87 and I-42 corridors, as well as convenient access to the Raleigh economic center made this an ideal location for a regional transportation hub,” N.C. Transportation Secretary Nick Tennyson said. “This project builds on the investments we have made in our rail system, our ports and other infrastructure to help us meet growing logistics demands and improve the movement of goods throughout North Carolina.”
North Carolina’s Transportation Department will contribute $100 million for track improvements as well as terminal infrastructure through the state’s new transportation funding formula, which Governor McCrory championed to take the politics out of transportation planning.
The hub, expected to open in 2020, and related track improvements are expected to take two years to construct once all necessary environmental permits are obtained. Carolinas Gateway Partnership, the local economic development organization, controls nearly all of the land needed for the facility, which is located along CSX’s main rail line in a primarily industrial area.
2022 Top States for Doing Business Provide an Environment for Business Growth
2022 Top States Workforce Development Programs
The New Industrial Ecosystem
The 2021 Top States for Doing Business Reflect Their Locational Advantages
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Location Factors in the EV Industry — “Mission Critical” or “Nice to Have”?
2022 Auto/Aero Site Guide
2022 Top States Commentary: Site Selection – When You Are Good, You Win!