Former Ford President Joe Hinrichs named CEO of CSX railroad

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CSX has a “very strong balance sheet, very strong operating performance,” said Hinrichs, who has more than 30 years of experience in automotive, manufacturing and energy sectors.

“What we need to do is engage our employees and really take this operating model and improve our service to our customers. And in so doing, increase our capacity and our performance for our customers.”

“This appointment is the result of a long and deliberate process, in which we identified the strongest candidate to lead CSX through its next phase of growth and transformation,” CSX Chairman John Zillmer said in the statement.

Hinrichs said rail could been an important part of addressing many challenges like cutting emissions and reducing roadway congestion. “It’s so much more efficient and so much less emissions than then trucking other alternatives,” he said.

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