March 22, 2023
(press release)
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JACKSONVILLE, Fla. – March 22, 2023 – CSX (NASDAQ: CSX) today announced the launch of an enhanced carbon emissions reduction calculator that will help companies achieve their supply chain sustainability objectives by converting from truck to rail. The enhanced tool offers freight shippers increased insight into the environmental benefits of rail through analysis of customer-specific data to calculate potential greenhouse gas emissions saved by choosing rail over trucks. “The environmental advantages of rail are real and measurable, and the enhanced CSX Carbon Calculator is able to provide customers with specific insight into how much less carbon dioxide is produced when they ship by rail instead of truck,” said Kevin Boone, executive vice president of sales and marketing. “Emissions reduction is an important element in supply chain strategies of many companies seeking to reduce their carbon footprint and contribute to a healthier climate. The Carbon Calculator gives CSX customers reliable data for demonstrating the effectiveness of their sustainability programs.” The new version of the Carbon Calculator is available to customers who use the ShipCSX online platform. The tool enables carload freight shippers to generate carbon savings analyses based on their historical shipment data; to view year-to-date totals and year-to-year trends; and to get additional insight for weighing carbon emission impacts when making supply chain decisions. The Carbon Calculator draws on government and third-party studies of greenhouse gas emission factors of different transportation modes to calculate how much emissions are reduced when shipping by rail versus truck. The calculator incorporates freight type, distance and volume into its methodology. Future versions of the Carbon Calculator will include the ability to calculate emissions savings on intermodal container shipments as well as advanced features that help companies evaluate supply-chain decisions that can further reduce their carbon footprint. To use the enhanced calculator, customers must register at ShipCSX.com. CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation's economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation's population resides. It also links more than 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike. Matthew Korn, CFA, Investor Relations Bryan Tucker, Corporate Communications
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