CSX Corp. Purchases Eastern Associated Terminal In Tampa - Quick Facts

(RTTNews) - Railroad transporter CSX Corp. (CSX) on Wednesday announced the purchase of the Eastern Associated Terminal in Tampa, Florida from the Ingram Barge Co. The financial terms of the deal were not disclosed.

The phosphate export facility is adjacent to CSX Transportation Inc.'s Rockport terminal on Tampa Bay, and the combined entity will be called Rockport Terminals.

As a result of the acquisition, CSX added 12 new positions for terminal operations to Rockport's current staff of 25.

Shantel Johnson-Davis, who has led CSX's phosphates sales and marketing efforts in Tampa, was appointed assistant vice president and general manager - phosphates and fertilizers, and will lead both commercial activities and operations at Rockport Terminals.

"Purchasing the Eastern terminal provides strategic long-term value for CSX," said Johnson-Davis. "We will leverage synergies of the two terminals to better serve our customers and grow this important business."

The footprint of the combined terminals allows for quick, scalable expansion, and capacity for 1 million additional export tons. Johnson-Davis said that Rockport Terminals will seek additional commodity export opportunities and add import bulk business over time.

About 300 CSX employees work in the Tampa Bay area, including train crews, engineering employees and mechanical teams.