CSX CFO REAFFIRMS FOURTH-QUARTER OUTLOOK AND LONGER-TERM PERFORMANCE

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CSX CFO REAFFIRMS FOURTH-QUARTER OUTLOOK AND LONGER-TERM PERFORMANCE

JACKSONVILLE, Fla. - December 3, 2014 - CSX (NYSE: CSX) is on track to deliver fourth-quarter financial results similar to the levels achieved in the third quarter, as service remains stable in the midst of the fall peak and the beginning of strong winter weather conditions in the Northeast, Chief Financial Officer Fredrik Eliasson told investors and analysts at the Credit Suisse Global Industrials Conference today in New York.

"Fourth-quarter volume is tracking at the level we expected, and we are seeing strength across nearly all markets we serve," Eliasson said. "Longer term, we remain focused on the three key levers that deliver superior shareholder value: pricing above inflation, driving ever more efficient operations and growing our merchandise and intermodal businesses faster than the economy by developing new customers on our network, investing in our intermodal business and leveraging the benefits of the new energy environment."

Service excellence for customers is the foundation of CSX's ability to leverage those key drivers, Eliasson said, which is why CSX is making critical resource investments to restore service to previous record levels and position the company to capitalize on the long-term growth opportunities that exist across nearly the company's entire business mix. The company continues to expect to produce double-digit earnings growth and margin expansion in 2015 as it progresses toward a mid-60s operating ratio.

Investors can visit http://investors.csx.com/phoenix.zhtml?c=92932&p=irol-irhome for more information about CSX's financial performance.

About CSX

CSX, based in Jacksonville, Florida, is a premier transportation company.  It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products.  For more than 185 years, CSX has played a critical role in the nation's economic expansion and industrial development.  Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation's population resides.  It also links more than 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and small farming towns alike.  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).

Contact:

David Baggs, Investor Relations

904-359-4812

Melanie Cost, Corporate Communications

904-359-1702