In addition, based on the independent inspector’s preliminary review of proxies submitted, CSX shareholders voted to approve ratification of the appointment of Ernst & Young, LLP as CSX’s independent auditors for the 2008 fiscal year as well as the TCI Group’s special meeting and nullification proposals.

The Company noted that the voting results are subject to a customary review and challenge period as well as the outcome of pending litigation between the Company and the TCI Group before the U.S. Court of Appeals for the Second Circuit.

The CSX annual meeting of shareholders was held on June 25, 2008 and has been adjourned until July 25, 2008.

– PRNewswire-FirstCall

Second quarter 2008 results included 4 cents per share associated with the resolution of certain tax matters. On a comparable basis, excluding this item, second quarter EPS was up 25 percent from a year ago.

“CSX continues to deliver significant value for shareholders and demonstrate the secular strength of our business,” said Michael Ward, chairman, president and CEO. “The strong earnings performance delivered by this team was supported by all-time records in revenue and operating income, despite the effects of a softer economy.”

Sustained strong demand for export coal, grain, ethanol, metals and phosphates and fertilizers, as well as solid yield management, continued to lead significant revenue growth across CSX’s markets. Revenue increased in eight of the company’s ten markets resulting in overall quarterly revenues of $2.9 billion, a 15 percent increase over the same period last year.

CSX produced quarterly operating income of $717 million, up 17 percent over the $612 million reported last year. The company’s continued focus on productivity and cost control helped to offset the significant increase in fuel costs, driving its operating ratio to 75.3 percent for the quarter.

“We are achieving the company’s vision, quickly taking this company’s results to industry leading positions,” said Ward. “This success is propelled by our employees every day delivering exceptional customer service, safety, innovation and a balanced approach to managing capital that drives shareholder value and positions the company to leverage future demand.”

Reflecting the company’s strong second quarter performance and the underlying strength of its business, CSX continues to target the upper end of its previously announced 2008 EPS guidance of $3.40 - $3.60 on a comparable basis.

– PRNewswire-FirstCall

“Trains do not take holidays,” said Cliff Stayton, CSXT director of Public Safety Awareness. “In fact, CSXT trains will be running on July 4. For safety’s sake, residents should stay away from all railroad property. Always expect a train.”

Consider the following facts about the dangers of trespassing on railroad property:

Train tracks are private property. Walking or riding on any railroad right of way or other railroad property without the permission of the railroad is trespassing and illegal. Violators will be prosecuted, and they risk the possibility of serious, even fatal, injury.

Trains do not operate on a predictable schedule, and they can move in either direction at any time. Always expect a train!

Trestles are not built to be sidewalks or pedestrian bridges. Bridges and tunnels only have room for trains to pass. Trespassing on railroad bridges and in tunnels increases the chances of serious injury or death.

Highway-rail intersections should only be crossed at designated pedestrian or roadway crossing locations. Look for a second train moving from either direction.

Locomotives weigh approximately 200 tons. Trains with 100 railcars can weigh more than 6,000 tons. An automobile being hit by a train is proportional to a soda can being hit by a car.

Trains cannot stop quickly! A freight train traveling at 55 miles per hour needs more than a mile to stop. That’s equal to 18 football fields.

Trains can overhang the tracks by three feet on each side. Straps or other tie downs may extend even farther. Standing next to the tracks is dangerous.

CSXT has posted at every rail crossing a toll free number — 1-800-232-0144 — that citizens should use to call the company’s Public Safety Coordination Center to report an unsafe act or accident on CSXT railroad property.

– PRNewswire-FirstCall

The annual meeting will reconvene at 10 a.m. Friday, July 25, at the company’s headquarters in Jacksonville, Fla., to receive certification of the voting results. This adjournment will allow the independent inspector of elections time to tabulate the voting results.

“We want to express our gratitude for the continued support of our shareholders,” said Michael J. Ward, CSX chairman, president and chief executive officer. “We have met with a large number of our shareholders over the past few months and we appreciate their candor and insights regarding our company. We remain committed to creating further value for all of our shareholders and we look forward to building on our progress towards making CSX the safest, most progressive North American railroad.”

TCI is a hedge fund that formed a group to nominate a slate of directors to stand for election at the 2008 CSX annual meeting.

In March, CSX filed a federal lawsuit against TCI and 3G Capital Partners, alleging violations of federal securities laws. CSX filed the lawsuit in the United States District Court for the Southern District of New York. CSX alleges TCI and 3G violated federal securities laws, including violations of the Securities Exchange Act of 1934.

TCI, which owns nearly 9 percent of CSX’s shares, wants to control five of the board’s 12 seats.

– Wire Reports

“Very little is known about the investors in the TCI group or those investors’ agenda,” the senators said in a letter to Treasury Secretary Henry Paulson, USA Today reported. “They are anonymous and invisible to government regulators” and could be fronts for foreign governments.”

TCI is a hedge fund that formed a group to nominate a slate of directors to stand for election at the 2008 CSX annual meeting.

In March, CSX filed a federal lawsuit against TCI and 3G Capital Partners, alleging violations of federal securities laws. CSX filed the lawsuit in the United States District Court for the Southern District of New York. CSX alleges TCI and 3G violated federal securities laws, including violations of the Securities Exchange Act of 1934.

TCI, which owns nearly 9 percent of CSX’s shares, wants to control five of the board’s 12 seats.

– Railfanning.org News Wire

Bethel has served as Atlanta Division manager and in other key operating positions. His appointment is effective immediately, and a new Atlanta Division manager will be named soon.

“Gary Bethel brings a wealth of operating and management experience to this important position,” said Tony Ingram, executive vice president and chief operating officer. “He will lead our efforts to maintain and improve our locomotive reliability and rail car availability, all with safety at the forefront.”

Bethel began his career as a trackman with a CSX Transportation predecessor in 1970, and later became a locomotive engineer. He has progressed through increasing responsibilities in transportation leadership jobs, and was division manager-Great Lakes Division prior to the Atlanta post.

He is relocating to Jacksonville and will report directly to Ingram. Bethel will direct administration and maintenance related to the company’s fleet of 3,800 locomotives and 101,000 rail cars.

Regan began his railroad career in 1974 with Penn Central, later serving in a variety of positions with Conrail. He joined CSX Transportation in 1999.

“We appreciate Rich Regan’s many years of service and wish him well,” Ingram said.

– PRNewswire-FirstCall

Since deregulation of the freight railroad industry in 1980, Class 1 freight ton-miles have increased 93 percent, while miles of track have decreased 40 percent, U.S. Rep. Corrine Brown, D-Fla., said. The U.S. Department of Transportation estimates that the demand for rail freight transportation will increase 88 percent by 2035, and their studies estimate that an investment of $148 billion in infrastructure expansion will be needed over the ext 28 years to keep pace with economic growth and to meet DOT’s expecteddemand, the Congresswoman added.

“Unfortunately, as freight movements have grown, so have the conflicts between freight and passenger trains, even though under existing federal law, Amtrak trains have priority over freight trains,” Brown said during a hearing last month. “This demand for space in the rail system has also caused unintended consequences for shippers.”

Freight traffic on U.S. railroads in 2007 was the second highest on record, according to the Association of American Railroads (AAR), following only 2006.

“Additionally, there is growing demand on the rail network for more than just freight movements,” U.S. Rep. James L. Oberstar, D-Minn., said during last month’s hearing. “In 2007, Amtrak moved 25.8 million passengers, the fifth straight year of record ridership. Additionally, commuter rail providers recorded 460 million trips in 2007.

“Congestion, heightened concerns over global warming, and rising gas prices will continue to push the demand for these alternatives to highway travel, and Amtrak and commuter rail must be able to continue to expand to accommodate their growing ridership,” Oberstar added. “Amtrak and commuter rail utilize portions of the freight rail network to provide service. However, their capacity needs are different from those of the freight railroads, meaning different capacity investments will be necessary if we want to continue to favor these modes.”

To help ease the congestion, some members of Congress are looking whether federal legislation needs to be passed, according to Oberstar.

“Unlike other modes of transportation, there is no dedicated stream of funding for rehabilitating, reconstructing, or expanding our nation’s rail network,” Oberstar said. “Some legislative proposals to deal with capacity concerns are circulating in Congress, including one to provide the railroads with a 25 percent infrastructure tax credit. I am currently reviewing that legislation.”

– Railfanning.org News Wire

GenSet locomotives reduce nitrous oxide and particulate matter emissions by 80 percent and can create carbon dioxide emissions savings of approximately 50 percent by monitoring engine idling and switching to a “sleep” mode after a period of inactivity. The technology for these locomotives was purchased through a public-private partnership with the state of Michigan. The locomotives are the first low-emission locomotives to be deployed in Michigan, as well as on CSXT’s 23-state rail network.

“Cleaner air benefits Michigan’s environment, benefits our company and its workers, and benefits our nation,” said Tony Ingram, executive vice president and chief operating officer, CSX Transportation. “Thanks to our partners, we are able to bring in these GenSet locomotives you see here today. They send out 80 percent fewer emissions than a typical yard locomotive and also use less fuel.”

The new GenSet locomotives were retrofitted through a partnership between CSXT, MDOT, and SEMCOG. In addition to the two GenSet locomotives currently operating, CSXT and state officials are negotiating the purchase of two additional locomotives.

“Michigan is committed to working with the private sector to bring environmentally-friendly transportation technology to the state,” said MDOT Director Kirk Steudle at today’s event in Dearborn. “We know that often what is good for transportation can be good for the environment and we look forward to continuing to work with the private sector on this important issue.”

The GenSet locomotives will be used to switch cars within CSXT’s Rougemere yard in Dearborn. GenSet locomotives are significantly quieter than existing locomotives; they achieve the most stringent noise level requirements for off-road capital equipment.

“The Southeast Michigan Council of Governments is pleased to sponsor this important initiative in partnership with CSX Transportation,” said Carmine Palombo, transportation director, SEMCOG. “Working together, the pollution reductions from this project will help Southeast Michigan meet and maintain national air quality standards.”

CSXT has invested more than $1 billion to upgrade its fleet with technology that reduces fuel consumption and air pollutant emissions. Through these efforts, the company has improved its fuel efficiency by approximately 80 percent since 1980.

CSXT is a member of the EPA’s Climate Leaders program in which the company has committed to reducing its emissions and leveraging other means for environmental benefits. CSXT is also an award-winning and charter member of the EPA SmartWay Transport Partnership. This partnership was designed to promote voluntary reductions in fuel consumption and emissions. CSXT’s fuel conservation measures and better management of its waste stream have already contributed to that goal.

– PRNewswire-FirstCall

A safety blitz will take place at the CSXT railroad crossing at Mildred and Deer Streets from 9-11 a.m. Drivers in that area will be greeted by CSXT employees, Operation Lifesaver volunteers and area first responders, who will distribute safety flyers to drivers while they are stopped at the red lights on either side of the street approaching the crossing.

In addition, CSXT will conduct a Railroad Safety Emergency Responder class from 6-10 p.m. at the Brewton City Hall.

“CSX Transportation is committed to helping communities improve public safety at railroad-highway grade crossings,” said Cliff Stayton, CSXT’s director-public safety awareness. “The awful consequences of vehicle-train collisions are made even more tragic by how easily they can be avoided by simply obeying the law and using good judgment.”

– PRNewswire-FirstCall