CSX – Page 27 – Railfanning.org

CSX Highlights Board’s Market-Leading Track-Record in Investor Presentation

May 2, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corp. announced that it has filed an investor presentation with the Securities and Exchange Commission in connection with the company’s 2008 annual meeting of shareholders, which is scheduled for Wednesday, June 25. “CSX’s Board of Directors has driven extraordinary shareholder returns, financial and operational performance, and excellence in corporate governance and offers a compelling future outlook,” said Michael J. Ward, CSX chairman, president and chief executive officer. “We look forward to meeting with CSX investors to discuss our track-record of success and concrete plans to continue to create value for all shareholders. We believe that the

CSX Announces National Gateway to Improve Flow of Freight

May 2, 2008 Railfanning.org News Wire

DUBLIN, Ohio — CSX Corp. has launched the National Gateway, a $700 million public-private infrastructure initiative to create a highly efficient freight transportation link between the Mid-Atlantic ports and the Midwest. When completed, the National Gateway would provide greater capacity for product shipments in and out of the Midwest, reduce truck traffic on already crowded highways, and create thousands of jobs that directly or indirectly support the National Gateway. CSX has already committed $300 million to the National Gateway, and will work with several states and the federal government to secure additional funding. The National Gateway incorporates two primary parts.

CSX: Facility Improvements Planned for Erwin, Tenn.

April 11, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Transportation has announced facility expansions and enhancements at its Erwin, Tenn., facility as the railroad moves forward with an initiative to further improve the delivery of coal and other freight. Erwin, the former headquarters of the CSXT predecessor Clinchfield Railroad, is an important gateway for coal trains operating from Appalachia to receivers such as electrical power utilities. As part of an expanded project focused on improving bulk freight service including coal and grain, approximately $6 million in track and structure work will be performed at the Erwin terminal during 2008. This work will accommodate a growing

Pacer Stacktrain Initiates Expanded Intermodal Services with BNSF Railway

April 3, 2008 Railfanning.org News Wire

CONCORD, Calif. — Pacer International Inc. announced expanded intermodal services between its Pacer Stacktrain unit and BNSF Railway which allows Pacer Stacktrain to begin full service on their network effective April 1, 2008. Pacer Stacktrain will — for the first time — have access to the entire BNSF intermodal network within the United States. Interline service is available to and from Pacer-served CSX and Canadian National locations. “We are very pleased to have expanded our service with BNSF. The new Pacer Stacktrain BNSF Double Stack Service is a major milestone for our customers, providing fast and reliable ramp-to-ramp and door-to-door

NTSB Investigating Toledo, Ohio, Rail Yard Incident

April 2, 2008 Railfanning.org News Wire

TOLEDO, Ohio — The National Transportation Safety Board today dispatched two investigators from its Office of Railroad, Pipeline and Hazardous Materials Investigations to investigate an accident that occurred early yesterday morning at CSX’s Stanley Yard near Toledo, Ohio. A CSX Transportation employee switching rail cars on one track was seriously injured after being struck by a moving rail car on an adjacent track within Stanley Yard. Some movement activities within the rail yard are performed using Remote Control Operations technology. Jeff Leaman is the NTSB Investigator-in-Charge. — Special to Railfanning.org News Wire

CSX Transportation Established Huntington Dispatching Center

April 1, 2008 Railfanning.org News Wire

HUNTINGTON, W.Va. — CSX Transportation is establishing a new dispatching center at its division headquarters in Huntington, with approximately 80 train dispatcher and related positions being relocated here, CSX Chairman, President and Chief Operating Officer Michael J. Ward announced. “CSX has a rich history in the Mountain State and we’re delighted the company is investing in these good jobs in Huntington,” said West Virginia Gov. Joe Manchin. “This is a partnership for success for both CSX and for West Virginia.” Train dispatchers plan, direct and respond to any issue relating to the movement of trains, maintenance and inspection equipment on

CSX Files Federal Suit, Alleging Violations of Federal Securities Laws

March 27, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corp. has filed a federal lawsuit against The Children’s Investment Fund (TCI) and 3G Capital Partners (3G), alleging violations of federal securities laws. TCI and 3G are hedge funds that formed a group to nominate a slate of directors to stand for election at the 2008 CSX annual meeting. 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 Section 13(d) of the Securities Exchange Act of 1934. The lawsuit alleges, in part, that TCI employed swap

CSX Transportation Launches Carbon Calculator

February 8, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Transportation today launched an online Carbon Calculator, giving shippers and others the ability to make the best environmental choice of transportation options. The user-friendly tool quickly calculates the carbon dioxide (CO2) emissions savings of specific rail shipments, providing comparative data among transportation choices. The Carbon Calculator, accessed through the company’s Web site prompts users to enter their shipment’s weight and miles shipped and returns the estimated CO2 savings of shipping by rail. “Rail is the most environmentally-friendly and energy efficient land transportation option,” said Clarence Gooden, CSX executive vice president and chief commercial officer. “This tool

CSX Reports Strong Double Digit Earnings Growth in Fourth Quarter

January 23, 2008 Railfanning.org News Wire

JACKSONVILLE, Fla. — CSX Corp. reported fourth quarter 2007 net earnings of $365 million, or 86 cents per share, including a penny per share from insurance gains. In the fourth quarter of last year, the company reported earnings of $347 million, or 75 cents per share, including 18 cents per share from insurance gains, a gain on Conrail property and the resolution of certain tax matters. On a reported basis, earnings per share increased 15% percent on a year-over- year basis. “Once again, CSX delivered outstanding financial gains for our shareholders through strong improvements in safety, service and productivity,” said

Genesee & Wyoming Completes Acquisition of Maryland Midland Railway

January 7, 2008 Railfanning.org News Wire

GREENWICH, Conn. — Genesee & Wyoming Inc. has completed its acquisition of 87.4 percent of the Maryland Midland Railway for cash consideration of approximately $29.1 million, to be adjusted for final working capital. Maryland Midland, located approximately 40 miles from GWI’s York Railway, operates over 63 miles of track between Glyndon and Highfield, Md., and between Walkersville and Taneytown, Md. The railroad has 30 employees and is an interline carrier with CSX. Lehigh Cement, which is Maryland Midland’s largest customer, retains its 12.6 percent ownership of the railroad. — PRNewswire-FirstCall