CSX Corp has announced the relocation of its corporate headquarters to Jacksonville FL from Richmond VA.
“This decision continues CSX's strategic evolution from a multimodal transportation company to a streamlined enterprise with greater focus on our railroad,” said Michael J Ward, CSX chairman, president, and chief executive officer. “As a result, we no longer need a central location for our holding company, and it makes business sense to locate the corporate headquarters in the same city as the major operating unit, CSX Transportation.”
Ward said CSX will continue to have more than 200 employees in the city and almost 1,400 in the commonwealth.
With this transition, CSX becomes the second Fortune 500 company headquartered on Florida's First Coast and the 12th in the state. More than 7,000 of CSX's nearly 40,000 employees are in Florida. The company has more than 5,200 employees in Jacksonville.
