CSX CEO Joe Hinrichs discussed on November 14, 2024, the potential implications of changing tariffs and increased domestic manufacturing for the railroad industry. Hinrichs stated that CSX is well-positioned to adapt, emphasizing that as long as goods are imported into the U.S., CSX will be involved in their transportation.
Hinrichs highlighted CSX's extensive network, which includes presence in dozens of port cities and routes for moving materials from West Coast ports eastward through hubs like Chicago or Memphis. This broad operational scope allows the company to maintain business flow even if trade patterns shift.
The CEO also noted that an increase in domestic manufacturing, potentially bolstered by new tariff policies, would be positive for CSX. He mentioned that many corporations are looking to build large projects in the Southeast, where CSX is a dominant player, with 500 industrial development projects currently in its network and another thousand potential sites.
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