Second Quarter Highlights:
        - Earnings per share from continuing operations increase 31%
    - All-time records in revenues and operating income, up 15% and 17%
                                respectively
              - Safety and service performance remains strong

    JACKSONVILLE, Fla., July 15 /PRNewswire-FirstCall/ -- CSX Corporation
(NYSE: CSX) today reported second quarter 2008 earnings of $385 million, or
a record 93 cents per share. Last year CSX reported second quarter earnings
of $324 million, or 71 cents per share.

    Second quarter 2008 results included 4 cents per share associated with
the resolution of certain tax matters. On a comparable basis, excluding
this item, second quarter EPS was up 25 percent from a year ago. (See table
below for reconciliation of quarter items to reported numbers.)

    "CSX continues to deliver significant value for shareholders and
demonstrate the secular strength of our business," said Michael Ward,
chairman, president and CEO. "The strong earnings performance delivered by
this team was supported by all-time records in revenue and operating
income, despite the effects of a softer economy."

    Sustained strong demand for export coal, grain, ethanol, metals and
phosphates and fertilizers, as well as solid yield management, continued to
lead significant revenue growth across CSX's markets. Revenue increased in
eight of the company's ten markets resulting in overall quarterly revenues
of $2.9 billion, a 15 percent increase over the same period last year.

    CSX produced quarterly operating income of $717 million, up 17 percent
over the $612 million reported last year. The company's continued focus on
productivity and cost control helped to offset the significant increase in
fuel costs, driving its operating ratio to 75.3 percent for the quarter.

    "We are achieving the company's vision, quickly taking this company's
results to industry leading positions," said Ward. "This success is
propelled by our employees every day delivering exceptional customer
service, safety, innovation and a balanced approach to managing capital
that drives shareholder value and 
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