Cummins Unveils $80M Plans

(Image courtesy of Cummins Inc.) (Image courtesy of Cummins Inc.)

Columbus-based Cummins Inc. (NYSE: CMI) has detailed plans for two major downtown projects. The company says a $30 million railroad overpass at a primary downtown entrance and exit will help CSX move forward with $100 million in upgrades to the Louisville-to-Indianapolis rail line. The company says it is also making a renewed commitment to a $50 million renovation of its global headquarters in the Bartholomew County city. Cummins says that project will be complete in 2019, as it celebrates its 100th anniversary.

The company says, as a supplier of engines for the rail industry, it recognizes the "vital role" trains play in moving critical goods. The overpass will be at State Road 46 and is expected to be complete in mid-to-late 2018. Once the project is finished, CSX plans to begin increasing the number, size, weigh and length of its trains. The rail crossing at SR 46 and SR 11 carries approximately 40,000 vehicles per day. Cummins says the rail solution is "imperative" for the city as well as the company's thousands of employees.

Cummins President and Chief Operating Officer Rich Freeland says the rail project is "critical to our future," and will drive "the long-term success and sustainability of downtown Columbus businesses and residents."

The $50 million renovation to the company's Corporate Office Building in downtown Columbus includes improved writing and design elements to support collaboration and efficiency. It will also allow for added meeting space. Freeland says the company's upgrades "will continue its commitment to architecture in our buildings."

Last month, Cummins Chief Executive Officer Tom Linebarger outlined technology and innovations he says will drive the company into the future. That included the success of the QSX95, which the company says is its largest engine platform yet. During a conference call with members of the media and investors, he said the manufacturer is also sharpening its focus on electrification capabilities, alternative fuel and power sources and streamlining digital innovation.

Cummins President Rich Freeland says the announcement has involved major collaboration.
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