CSX boosts 2011 capex to acquire cars, locomotives

摘要

On July 13, CSX Corp. announced its board approved an increase in the 2011 capital spending budget from S2 billion to S2.2 billion. The additional capital will be used to purchase certain assets, primarily rail cars, to meet growing near- and long-term export coal demand, CSX officials said in a prepared statement.The increase is consistent with a plan to reinvest an average of 18 percent of total annual revenue in capital expenditures through 2015, they said.