CSX Highlights Strong Results in 2010 Annual Report, Announces Availability of 2011 Annual Meeting Materials

Mar 23, 2011, 16:44 ET from CSX Corporation

JACKSONVILLE, Fla., March 23, 2011 /PRNewswire/ -- CSX Corporation (NYSE: CSX) today announced that proxy materials for its 2011 Annual Shareholders Meeting are now available.

Consistent with the practice the company adopted in 2009, proxy materials are available via the Internet under the Securities and Exchange Commission's Notice and Access rules. These materials, including the Company's Proxy Statement and 2010 Annual Report, can be accessed on its website at http://investors.csx.com. CSX will mail printed copies of its proxy materials only by shareholder request.

In 2010, CSX achieved its best year ever in safety, operating income, operating ratio and earnings per share while helping customers regain their competitive position after a tough recessionary period. At the same time, the company has stood by its customers with an $8.3 billion infrastructure investment from 2006 to 2010, and an additional $2 billion investment is planned for 2011.

"CSX employees are performing extremely well as the economy continues to recover, just as they did during the worst of the recession," Michael J. Ward, chairman, president and chief executive officer said in his annual report letter to shareholders. "Together we are embarking on something truly special – creating a new chapter in a storied industry while generating substantial economic benefits for customers, the nation, and you, our shareholders."  

CSX's 2011 Annual Shareholders Meeting will be held at 10 a.m. (EDT) on Wednesday, May 4, 2011, at the Westin Detroit Metropolitan Airport, 2501 Worldgateway Place, Detroit, Michigan.

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 and the District of Columbia, and connects to more than 70 ocean, river and lake ports. More information about CSX Corporation and its subsidiaries is available at www.csx.com.

The foregoing statements may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act.  They speak only as of the date they are made, and the company undertakes no obligation to update or revise any forward-looking statement. If the company does update any forward-looking statement, no inference should be drawn that the company will make additional updates with respect to that statement or any other forward-looking statements.  These forward-looking statements are subject to a number of risks and uncertainties, and actual performance or results could differ materially from that anticipated by them. Factors that may cause actual results to differ materially from those contemplated by any forward-looking statements include, among others: (i) the company's success in implementing its financial and operational initiatives; (ii) changes in domestic or international economic or business conditions, including those affecting the freight transportation industry (such as the impact of industry competition, conditions, performance and consolidation); (iii) legislative or regulatory changes; (iv) the inherent business risks associated with safety and security; (v) the outcome of claims and litigation involving or affecting the company; (vi) natural events such as severe weather conditions or pandemic health crises; and (vii) the inherent uncertainty associated with projecting full year 2010 economic and business conditions at an early point in the year and in the economic recovery.  Other important assumptions and factors that could cause actual results to differ materially from those in the forward-looking statements are specified in the company's SEC reports, accessible on the SEC's website at www.sec.gov and the company's website at www.csx.com.

SOURCE CSX Corporation