CSX is first North American railway to join blockchain group

JACKSONVILLE, Fla. – CSX has become the first North American railroad to join TradeLens, a global shipping information platform that uses blockchain technology to provide customers with supply chain transparency and shipment-status visibility.

Developed by IBM and Maersk, TradeLens is an open, neutral platform that currently includes data on half of the world’s ocean container cargo and continues to grow rapidly.

By leading North American railroads onto the platform, CSX is furthering its commitment to greater transparency that enables shippers to manage their supply chains more efficiently.

“Joining TradeLens is a further demonstration of our commitment to providing customers with broader visibility and increasing our value as a provider of comprehensive supply chain solutions,” said Mark Wallace, executive vice-president of Sales and Marketing.

“Railroads are vital links in the global supply chain, and CSX wants to support all of the ways our customers are seeking greater efficiency and flexibility. As our customers move onto TradeLens, we’ll be helping provide them with better end-to-end shipment tracking capability.”