IIC FORGES SERVICE AGREEMENT WITH CSX

The Indianapolis Industrial Center (IIC) announced today that it has entered into an agreement for rail siding improvements and rail service with CSX Transportation, one of the nation’s largest rail carriers. This new agreement will allow CSX to access the rail siding and serve clients at the IIC industrial park at 3000 S. Shelby Street in Indianapolis.

“This is a major development for the Center”, said Don Foley, Jr., President of the Indianapolis Industrial Center and its parent company, Merchandise Realty Corporation. “With rail service, we can pursue a wide range of business partnerships through CSX, and position the park to serve the needs of logistics and manufacturing companies throughout central Indiana and around the Midwest. We believe that the combination of rail service with our indoor rail sidings, access to interior bridge cranes of up to 25 ton capability, and the flexible logistics options, will provide a unique set of competitive solutions to our clients.”

Jeff Wagoner, Manager of Industrial Development for CSX, commented that this agreement will expand CSX service opportunities through both the rail freight services and its network of industrial warehouses, which will now include the IIC’s industrial campus.

Wagoner .

Wagoner further remarked: “A lot of work went into this agreement and the physical improvements to both the IIC’s and CSX’s rail sidings. We are optimistic that these investments will pay off well beyond the initial traffic already committed, and provide growth opportunities for both parties.”

Work on the rail siding is scheduled to conclude this week with the first rail deliveries expected later this month.

About the Indianapolis Industrial Center: The IIC provides over 180,000 square feet of crane-served, rail-served, flexible industrial facilities and logistics services. Its 19.5 acre campus is located at the cross-roads of America with access to I-65, 69, 70, 74, 465 and US 31, serving over 65% of the nation’s population within a single day drive from Indianapolis.

 About CSX: CSX Corporation, together with its subsidiaries based in Jacksonville, Fla., is one of the nation’s leading transportation suppliers. The company’s rail and intermodal businesses provide rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers. Overall, the CSX Transportation network encompasses about 21,000 route miles of track in 23 states, the District of Columbia and the Canadian provinces of Ontario and Quebec.

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