CSX Adds 21 Rail Served Properties Across 10 States to CSX Select Site Program
Rhea-AI Summary
CSX (NASDAQ: CSX) added 21 rail-served properties across 10 states to its CSX Select Site program on March 16, 2026, awarding gold, silver, or bronze ratings after evaluating site readiness factors. Only 6% of CSX's 1,110+ sites hold Select Site designation. The program connects expanding manufacturers with rail-served locations; Owens Corning announced a major investment at a Silver site in Prattville, Alabama, expected to create 100 skilled manufacturing jobs.
Positive
- 21 CSX Select Sites added across 10 states
- Select Sites are just 6% of 1,110+ served sites
- Owens Corning investment to create 100 skilled jobs
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
CSX gained 0.2% while key peers showed mixed moves: NSC -1.18%, UNP -1.31%, WAB -2.21%, CNI +0.71%, CP -0.17%. This points to a stock-specific tone rather than a clear sector-wide move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 10 | Conference appearance | Neutral | +0.8% | Executive participation at J.P. Morgan Industrials Conference with live webcast. |
| Feb 26 | Dividend increase | Positive | +1.0% | Quarterly dividend raised to <b>$0.14</b> per share, an <b>8%</b> increase. |
| Feb 24 | Data modernization | Positive | +1.2% | Completion of cloud-native data platform with <b>170+</b> data products and automation. |
| Feb 12 | Conference appearance | Neutral | -1.6% | CEO presentation at Barclays Industrial Select Conference with webcast access. |
| Feb 9 | Fleet upgrade deal | Positive | +0.4% | Announcement of <b>$670M</b> Wabtec locomotive upgrade and modernization program. |
Recent operational and capital allocation news (data modernization, fleet upgrades, dividend increase, conferences) generally coincided with modestly positive price reactions.
Over the past month, CSX issued several corporate updates, including conference presentations on Feb 12 and Mar 10, 2026, a major data platform modernization on Feb 24, 2026, a $670M locomotive fleet upgrade on Feb 9, 2026, and an 8% quarterly dividend increase announced on Feb 26, 2026. These items produced small positive price moves in most cases, suggesting investors have steadily rewarded incremental operational and shareholder-return developments, consistent with today’s infrastructure-focused site expansion news.
Market Pulse Summary
This announcement expands CSX’s Select Site program by 21 rail‑served properties across 10 states, highlighting network positioning for future industrial projects and at least 100 new manufacturing jobs tied to a prior Silver site. Recent history includes a dividend increase, a $670M locomotive upgrade, and major data modernization. Investors may watch how quickly these rated sites translate into customer commitments, freight volume, and further industrial development deals.
AI-generated analysis. Not financial advice.
JACKSONVILLE, Fla., March 16, 2026 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ: CSX) today announced its latest group of high-ranking properties to receive CSX Select Site designation under the industrial development program. Twenty-one sites across 10 states have earned a gold, silver, or bronze rating based on an evaluation of a wide range of site characteristics.
CSX worked with more than 30 communities to gather information and identify top candidates for the CSX Select Site program, which connects expanding companies with highly desirable rail-served properties. Of the more than 1,110 sites served by CSX, only six percent are designated as a CSX Select Site.
“Each CSX Select Site highlights the power of preparation and partnership,” said Kellen Riley, CSX Senior Director of Industrial Development. “These sites give manufacturers confidence to move forward while helping communities translate readiness into real economic growth and job creation.”
Demonstrating the continued success of the CSX Select Site program, Owens Corning announced a major investment at South Industrial Park—a Silver CSX Select Site—in Prattville, Alabama, since the last round of candidate site designations in 2025. The project will create 100 skilled manufacturing jobs and strengthen Prattville’s local economy while further expanding CSX’s industrial footprint across the region.
The newly added CSX Select Sites include:
Gold Level
- I-80 Logistics Park – Minooka, Illinois
Silver Level
- Fort Meade Rail Ready Industrial – Fort Meade, Florida
- First Florida Tradeport – Wildwood, Florida
- Wiley Connell Site One – Crawfordsville, Indiana
- Enterprise Industrial Park – Defiance, Ohio
- Franklin Logistics & Development – Letterkenny 29 – Chambersburg, Pennsylvania
- Hwy 321 Greenfield Rail Site – Gaston, South Carolina
- Southbound Road Greenfield Rail Site – Gaston, South Carolina
- Stonecrest Farm Rail Site – Greenwood, South Carolina
- Gibbs Rail Site – Sumter, South Carolina
- Enterprise Center at VA Port Logistics Park – Suffolk, Virginia
Bronze Level
- Pioneer Park – Dade City, Florida
- Georgia Breakbulk Logistics Park – Brunswick, Georgia
- Kingsbury Industrial Complex – La Porte, Indiana
- Washington CSX Industrial Rail Site – Washington, Indiana
- Massachusetts Life Sciences Logistic Park and Transloading Facility – Bellingham, Massachusetts
- CSX-Owned East Brookfield, MA Site – East Brookfield, Massachusetts
- Mshiké Industrial Complex – Holland, Michigan
- Kileville Site – Dublin, Ohio
- Dan Rogers Site – Dillon, South Carolina
- Willoughby Site – Marion, South Carolina
About CSX
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. More information about CSX Corporation and its subsidiaries is available at www.csx.com. Like us on Facebook (http://facebook.com/OfficialCSX) and follow us on X, formerly known as Twitter (http://twitter.com/CSX).
Contact:
Matthew Korn, CFA, Investor Relations
904-366-4515
Austin Staton, Corporate Communications
855-955-6397
FAQ
What did CSX announce about new Select Sites on March 16, 2026?
How exclusive is the CSX Select Site designation for CSX (CSX)?
Which states received CSX Select Site additions in the March 16, 2026 update?
What economic impact did CSX cite related to the Select Site program?
How does CSX Select Site status help manufacturers and communities?
Where can investors find examples of newly designated CSX Select Sites?
