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CSX

CSX Announces Fourth Quarter Results

JACKSONVILLE, Fla. — CSX Corp. announced fourth quarter earnings per share of 63 cents. These results include a noncash impairment charge of 27 cents per share related to the write-down of its investment in The Greenbrier resort. Excluding this charge and gains from insurance recoveries in the prior year quarter, comparable earnings per share increased to 90 cents, a 6 percent increase on a year-over-year basis. “CSX achieved solid financial results in the fourth quarter,” said Michael J. Ward, chairman, president and CEO. “The company finished 2008 in a strong financial position and began taking aggressive actions in the quarter

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CSX

CSX Announces Preliminary Fourth Quarter Results

JACKSONVILLE, Fla. — CSX Corp. announced preliminary fourth quarter earnings per share of 63 cents. These results include a noncash impairment charge of approximately 27 cents per share related to the write-down of its investment in The Greenbrier resort in White Sulphur Springs, West Virginia. Excluding this charge and insurance gains of 1 cent in the prior year quarter, comparable earnings per share would be approximately 90 cents, which represents a 6 percent increase over the prior year quarter. Overall revenues are expected to be approximately $2.7 billion for the quarter, up 4 percent from the prior year period. This

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CSX

CSX Announces Approval of Lawsuit Settlement

JACKSONVILLE, Fla./ — CSX Corp. announced that a federal court in New York has issued an order preliminarily approving a settlement reached by all parties to a civil action brought by plaintiff, Deborah Donoghue, a shareholder of CSX, to recover so-called “short-swing” profits under Section 16(b) of the Securities Exchange Act of 1934 alleged to have been realized by defendants The Children’s Investment Fund and 3G Capital Partners LP in connection with their purchases and sales of CSX securities. CSX is party to the suit in name only, which was brought for the benefit of CSX, the railroad said in

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BNSF

AAR: Rail Freight Traffic Down During Holiday Week

WASHINGTON — Freight traffic on U.S. railroads was down during the holiday week ended December 27 in comparison with the corresponding holiday week last year the Association of American Railroads (AAR) reported today. Total volume was estimated at 21.4 billion ton-miles, down 20.1 percent from the same week last year. Intermodal volume totaled 124,061 trailers or containers, down 21.8 percent from last year, with container volume down 21.5 percent and trailer volume down 23.2 percent. Carload freight, which doesn’t include the intermodal data, totaled 200,365 cars for the week, down 21.7 percent from last year. Loadings were down 26.5 percent

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CSX

CSX Intermodal Expands Florida Services

JACKSONVILLE, Fla. — CSX Intermodal (CSXI) announced that it is further expanding its services in Florida with a wider array of shipping options. Beginning December 23, customers can take advantage of trailer service, in addition to container service, to Orlando, where CSXI already offers superior access. The heavily trafficked lane from Atlanta to Orlando will now be available for private trailers owned or leased by companies other than CSXI. Shipping schedules from the western gateway of Memphis, Tenn., to Orlando also are available with expanded gate deadlines. “We are proud to create additional opportunities for our valuable customers,” said Jim

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CSX

CSX Corp. Joins Settlement in 16(b) Civil Suit

JACKSONVILLE, Fla. — CSX Corp. said it has joined in a settlement with all parties to a civil action brought by plaintiff, Deborah Donoghue, a shareholder of CSX, in federal court in New York to recover so-called “short-swing” profits under Section 16(b) of the Securities Exchange Act of 1934 alleged to have been realized by defendants related to The Children’s Investment Fund and 3G Capital Partners LP in connection with their alleged purchases and sales of CSX securities. CSX is party to the suit in name only, which was brought for the benefit of CSX. The settlement is subject to

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CSX

Pa. Gov. Supports National Gateway

CHAMBERSBURG, Pa. — At a National Gateway coalition event hosted by CSX Chairman and CEO Michael Ward, Pennsylvania Governor Edward G. Rendell announced his support for the National Gateway’s goal of creating a state-of-the-art, double-stack transportation corridor connecting manufacturing centers in the Midwest with deepwater ports on the East Coast. The event was held at a CSX Intermodal Terminal in Chambersburg, Pennsylvania, that serves as a key transportation link connecting shippers with both truck and rail service. “This terminal is a prime example of the kind of economic growth that comes from investing in our infrastructure,” said Governor Rendell. “I

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CSX

CSX: Veterans Welcome

JACKSONVILLE, Fla. — CSX Transportation (NYSE:CSX) is one of the best places for the nation’s veterans to work following their military careers, according to G.I. Jobs magazine. CSX Transportation ranked 8th on the annual list of the nations most military-friendly employers. This marks the third straight year the company has made the list, rising from number 45 in 2006 to its current position. In selecting companies for recognition, the magazine considers the resources dedicated to military hiring, Reserve/Guard policies, percentage of new hires who are veterans, veteran training programs and previous rankings. Only 2 percent of the 2,500 eligible companies

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CSX

Renjel Named CSX VP – Strategic Infrastructure Initiatives

JACKSONVILLE, Fla. — CSX Chairman and Chief Executive Officer Michael Ward announced the appointment of Louis E. Renjel as vice president-strategic infrastructure initiatives. Renjel will report to Ellen M. Fitzsimmons, senior vice president-law and public affairs, general counsel and corporate secretary. “Louis will help our communities meet their transportation needs while increasing the capability of CSX to accommodate long-term growth,” Ward said. “His experience in the public and private sectors and his leadership in developing environmental solutions make Louis uniquely qualified for this assignment.” Renjel, who joined CSX in Washington, D.C., in 2006, has been active in the Company’s federal

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CSX

CSX Announces Key Appointment, Retirement

JACKSONVILLE, Fla. — CSX Corp. announced the appointment of Lisa Mancini as senior vice president — human resources and labor relations. Mancini will report to Michael J. Ward, chairman, president and CEO. She succeeds Robert J. Haulter, who is retiring on December 31, 2008, after a distinguished 35-year career. “Bob Haulter has been a major contributor to the vision, values and success of our company over the past several years,” said Ward. “We are fortunate to have an experienced leader who can continue that progress.” Mancini has served as the chief operating officer of the San Francisco Municipal Railway, deputy