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CSX

CSXT and NSR File Registration Statements with SEC to Exchange Debt Securities for Conrail’s Debt Securities

WASHINGTON – CSX Transportation, Inc. (CSXT) and Norfolk Southern Railway Company (NSR) on April 23 said they have taken a key step in establishing direct ownership and control of the two Consolidated Rail Corporation (Conrail) subsidiaries that contain the Conrail assets they currently separately operate. CSXT and NSR each have filed a Registration Statement on Form S-4 with the Securities and Exchange Commission (SEC) that describes an offer to exchange new unsecured debt securities of CSXT and NSR and cash for unsecured debt securities of Conrail. The filings initiate the final stage in implementing the restructuring of Conrail’s unsecured indebtedness

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Amtrak

Isabel Slows Trains

WASHINGTON — Rail service along the eastern coast was slowed in September because of Hurricane Isabel. Amtrak, CSX, Norfolk Southern and other railroads between North Carolina and New York reported interruptions to their service due to the hurricane. Norfolk Southern implemented its contingency plan, taking extra safety precautions to assure the safety of employees and prevent damage to facilities, equipment, and shipments, the railroad said in a news release. This included moving equipment and shipments that have not yet placed within customer facilities, out of coastal and low lying areas prone to flooding. Likewise, CSX ceased some operations between Virginia

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CSX

CSX Transportation Launches Track Maintenance Blitz

JACKSONVILLE, Fla. – During a nine-day blitz, CSX suspended operations on a key rail line from Elkhorn City, Ky., to Laurens, S.C., while hundreds of railroad employees performed track upgrades, highway-rail crossing improvements and bridge and tunnel repairs. The engineering “Jamboree,” which ran from June 30 through July 8, enabled CSX to complete in nine days what would take two months if train operations were not rerouted. This year’s Jamboree was the largest of several such events the railroad has held across its 23,000-mile rail network since 1999, and materials have been pre-staged during the past six months. “Jamborees have

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CSX

CSXT Modifies Fuel Cost Recovery Program

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