This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

National Gateway Completes Phase One Clearance, Applauds Partners

JACKSONVILLE, Fla., Sept. 5, 2013 /PRNewswire-USNewswire/ -- The National Gateway coalition today announced the on-time, on-budget completion of its first phase, which clears the way for double-stack intermodal rail service between CSX's existing terminal in Chambersburg, Pa. and its state-of-the-art hub facility in Northwest Ohio.


The National Gateway, an award-winning $850 million public private partnership to create a highly efficient and environmentally-friendly, double-stack cleared rail corridor between the Mid-Atlantic and Midwest, is made possible through a combination of federal and state funds and CSX investment.

"Today, we celebrate the efforts of federal and state officials in achieving this milestone, which means more jobs, a more competitive America, and a more environmentally friendly way to move freight," said Michael J. Ward, CSX chairman, president and chief executive officer. "This is great news for our nation's transportation infrastructure, our customers and the communities we serve, and wouldn't be possible without the major investment of time and resources by our federal and state partners.  While this is a significant milestone, our work is not done.  Working with our public sector partners, we need to finish the job and complete double-stack clearances between Chambersburg and the Ports of Baltimore and Virginia."

Since its inception, the National Gateway generated support from governors and scores of public officials across six states, including more than three dozen members of Congress, three port authorities and dozens of global shippers, ocean carriers, business organizations and environmental groups.

Public funding for Phase One was supported by a federal TIGER (Transportation Investment Generating Economic Recovery) grant secured by the State of Ohio on behalf of the coalition, and administered by the Eastern Federal Lands Highway Division of the Federal Highway Administration.

As one of the nation's largest transportation projects, over a 30 year period, the National Gateway will create more than 50,000 jobs and deliver a host of benefits including reduced fuel consumption, lower emissions, better safety, lower highway maintenance costs and reduced shipping costs. The National Gateway is driving economic growth in areas like Wood County, Ohio, where the recently opened Northwest Ohio Intermodal Terminal employs nearly 300 full-time employees and is handling hundreds of thousands of containers per year.

"The National Gateway will stimulate economic activity and boost the United States' competitive edge in the global economy while employing the people who will prepare us to meet future challenges," added Ward. "CSX is proud to support this significant infrastructure investment that will help modernize our transportation system and spur growth."

The National Gateway is currently focused on the project's Phase Two, which will double-stack clear the CSX corridor between Chambersburg, Pa. and mid-Atlantic ports.

To learn more about the National Gateway, visit

Endorsements of the National Gateway

Jim Filter, SVP of Intermodal Commercial Management, Schneider National
  • "The completion of these clearances improves Schneider Intermodal's customer experience while also providing more modal conversion opportunities for shippers. The National Gateway helps deliver our truck-like service commitment by increasing reliability and providing faster intermodal transit."

Barry Schoch, Secretary of Transportation, Commonwealth of Pennsylvania
  • "The National Gateway is a great example of the benefits that public and private organizations can deliver together. As an engineer, I'm proud of the role played by the Commonwealth of Pennsylvania and the many other public partners in this engineering feat that will drive economic growth and development for years to come."

Matthew Dietrich, executive director of the Ohio Rail Development Commission (ORDC)
  • "Thanks to the National Gateway project, the most state-of-the art intermodal yard is now located in North Baltimore, Ohio. The intermodal freight connections provided by the National Gateway put Ohio at the hub of moving goods in North America. ORDC is very proud to be a part of this vast public-private partnership that is boosting our nation's economic development potential."

Congressman Bill Shuster (R-PA), Chairman of the U.S. House Committee on Transportation and Infrastructure
  • "The efficient and effective transportation of goods is essential to ensuring America remains strong in an increasingly competitive global marketplace. Initiatives like the National Gateway will help strengthen Pennsylvania's and the nation's economy by improving the flow of commerce and creating jobs."


1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.26 -0.77%
FB $101.50 2.00%
GOOG $684.03 0.87%
TSLA $163.06 10.00%
YHOO $27.10 1.00%


Chart of I:DJI
DOW 15,914.74 -99.64 -0.62%
S&P 500 1,851.86 -0.35 -0.02%
NASDAQ 4,283.5920 +14.8290 0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs