CSX Responds to Mantle Ridge

GlobeNewswire 16-Feb-2017 7:08 PM

JACKSONVILLE, Fla., Feb. 16, 2017 (GLOBE NEWSWIRE) -- CSX released the following statement this evening.

As demonstrated by our recent actions, the CSX Board of Directors is always willing to engage in constructive dialogue with our shareholders and to consider their views on our Company's business and strategy. The Board will carefully review the letter sent to us this evening by Mantle Ridge and continue to act in the best interests of all CSX shareholders.

About CSX and its Disclosures

CSX, based inJacksonville, 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 nearly 190 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 easternUnited 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 farming towns alike.

This announcement, as well as additional financial information, is available on the company's website athttp://investors.csx.com. CSX also uses social media channels to communicate information about the company. Although social media channels are not intended to be the primary method of disclosure for material information, it is possible that certain information CSX posts on social media could be deemed to be material.

Therefore, we encourage investors, the media, and others interested in the company to review the information we post on Twitter (http://twitter.com/CSX) and on Slideshare (http://www.slideshare.net/HowTomorrowMoves).

The social media channels used by CSX may be updated from time to time. More information aboutthe company and its subsidiaries is available atwww.csx.comand onFacebook (http://www.facebook.com/OfficialCSX).

Contact:
Investors:
David Baggs, CSX Investor Relations
(904) 359-4812

Media:
Tom Johnson / Michael PascaleAbernathy MacGregor
(212) 371-5999
tbj@abmac.com / mmp@abmac.com

Source: CSX Corporation