CSX Transportation (CSX) Finds 21 Miles of Railway Track Damaged From Gustav
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CSX Transportation (NYSE: CSX) has completed its initial inspection of track and terminals in the Gulf Coast region impacted by Hurricane Gustav. Though no significant damage occurred to any of CSXT's bridges or terminals, the company has identified at least 21 miles of track with substantial impact.
Repairs to the track damage, which begins about 10 miles east of New Orleans, will require at least two weeks. As a result, a daily average of 7-10 trains will continue to be rerouted through alternative gateways at Memphis, Tenn.; Birmingham, Ala.; and East St. Louis, Ill.
Due to traffic routed over alternate gateways, some customers may experience slightly longer transit times over these temporary routes. For more information, customers can call the CSX Customer Service Center at 1-877-ShipCSX (1-877-744-7279), prompts #5 then #6.
While damage estimates are preliminary, they are not expected to be material to operating income in the current quarter.[SM]
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