Posted June 29, 2019 04:13:13CSX crews on the west coast of the United States are going to live their life in a way that’s purpose driven, CSX Chief Executive Officer Mark Kornblum said at the annual shareholders meeting.
He made the comments during a session on the company’s quarterly results on Friday, when he noted that CSX has seen its operating expenses climb to $8 billion since 2016.
Kornblunms CSX plans to expand its business, including in Asia, with a $20 billion expansion to its East Coast shipyards in 2019, with plans to have its ships built in the U.S. by 2024.
Kurtis Alexander, a former Boeing executive, is CEO of CSX and the new Chairman of the Board of Directors.
He also serves as Chairman of CSG Group, the company that owns the majority of CSXL and its sister companies.