CSX Corporation Chief Financial Officer Underscores Importance of Flexible Business Strategies in a Dynamic Environment

  CSX Corporation Chief Financial Officer Underscores Importance of Flexible
                 Business Strategies in a Dynamic Environment

PR Newswire

JACKSONVILLE, Fla., Nov. 9, 2012

JACKSONVILLE, Fla., Nov. 9, 2012 /PRNewswire/ -- Fredrik Eliasson, executive
vice president and chief financial officer of CSX Corporation (NYSE:CSX),
spoke this morning at the 25^th CFO Summit in Las Vegas about the increasing
importance of being nimble in a volatile global economy. Using CSX as a case
study, Eliasson focused on the demands that face financial leaders and the
need for CFOs to be even more focused on business strategy and development.

"In today's economy, companies need to prepare for and respond appropriately
to change faster than ever," Eliasson said. "Being flexible has helped enable
success for CSX in an increasingly interconnected and dynamic business
environment."

Eliasson also focused on the need for a balanced capital structure, sharing
CSX's approach, which balances capital investment, dividend payouts and share
repurchases. "This balance strengthens the nation's freight rail
infrastructure, keeps our credit profile strong, and maximizes both the short
and long term benefits for the company," he said. CSX is on pace to invest
$2.25 billion for capital improvements in 2012, announced a dividend increase
early last month and is on track to complete its current share repurchase
program by the end of this year.

Empowering the team to make decisions is key to staying nimble, said Eliasson.
"CSX has continued to adapt to the changing business environment by driving
strong productivity improvements and proactively adjusting resources, all
while maintaining high service levels," he noted.

Eliasson has served as executive vice president and chief financial officer of
CSX since January 2012. With more than 17 years of management and finance
leadership at CSX, Eliasson previously served as vice president of sales and
marketing for CSX's chemicals and fertilizer business, vice president of
emerging markets, vice president of financial planning and analysis, and vice
president of commercial finance.

The CFO Summit brings top financial leaders together to discuss the current
challenges and opportunities facing financial leaders across the country.
Through keynote presentations, panel discussions and "think tanks," attendees
share high-level business concepts, first-hand examples and solutions to
common challenges.

About CSX
CSX Corporation, based in Jacksonville, Fla., is one of the nation's leading
transportation companies, providing rail, intermodal and rail-to-truck
transload services. The company's transportation network spans approximately
21,000 miles, with service to 23 eastern states, the District of Columbia and
two Canadian provinces. CSX's network connects more than 240 short line
railroads and more than 70 ocean, river, and lake ports. More information
about CSX Corporation and its subsidiaries is available at www.csx.com. Like
us on Facebook (http://www.facebook.com/OfficialCSX) and follow us on Twitter
(http://twitter.com/CSX).

SOURCE CSX Corporation

Website: http://www.csx.com
Contact: Lauren Rueger, 1 (877) TELL-CSX
 
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