CSX Relocates Headquarters

April 1, 2003 The Cross-Tie 0

CSX Corporation announced the relocation of its corporate headquarters to Jacksonville, Fla., from Richmond, Va., on Feb. 15. “This decision continues CSX’s strategic evolution from a multimodal transportation company to a streamlined enterprise with greater focus on our railroad,” said Michael J. Ward, CSX chairman, president and chief executive officer. “As a result, we no longer need a central location for our holding company, and it makes business sense to locate the corporate headquarters in the same city as the major operating unit, CSX Transportation. “We have a deep and lasting gratitude for the relationships formed in Richmond and will

CSXT Modifies Fuel Cost Recovery Program

March 25, 2003 Railfanning.org News Wire 0

JACKSONVILLE, Fla. – In an effort to more quickly respond to changing market conditions and the continued volatility in fuel prices, CSX Transportation (CSXT) announced today modifications to its fuel cost recovery program. After the transition to the new program, CSXT’s fuel surcharges will be applied in smaller increments, on a more real-time basis, consistent with increases or decreases in fuel prices. With the changes, CSXT will no longer only adjust surcharges in 2 percnt increments for every $5/barrel change in crude oil prices. Instead, the surcharge will be adjusted up or down 0.4 percent for every dollar increase or

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