CSX CEO Joe Hinrichs recently discussed the potential impact of changing tariffs and manufacturing on the railroad's operations. He emphasized that as long as the U.S. economy continues to grow, CSX will remain integral to the transportation of goods.
CSX, which primarily operates on the East Coast, is well-positioned to adapt to shifts in trade patterns, particularly with anticipated tariff increases under the incoming Trump administration. Hinrichs noted that many materials arriving at West Coast ports require transportation to the East, highlighting CSX's role in moving goods from key cities like Chicago and Memphis.
The CEO also pointed out that a rise in domestic manufacturing could benefit CSX, especially with many corporations looking to establish projects in the Southeast. He revealed that the company currently manages 500 industrial development projects within its network and has an additional thousand potential sites under consideration, reinforcing CSX's commitment to supporting American-made products.