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David Baggs Named VP Capital Markets and Investor Relations

JACKSONVILLE, Fla. – July 7, 2011 – CSX Corporation announces the promotion of David Baggs to vice president capital markets and investor relations, effective immediately. Previously, he was assistant vice president treasury and investor relations.

Baggs directs the company’s interaction with the investment community through earnings reports, analyst meetings, conferences and other channels. In addition, he leads CSX’s banking relationships and capital markets activities associated with a debt portfolio of more than $8 billion.

“David is a veteran leader of CSX and an outstanding resource for our investors and partners in the financial community,” said Oscar Munoz, executive vice president and chief financial officer. “Through his leadership, creativity and commitment to transparency, CSX’s investor relations program now ranks as a leader in the broader transportation sector.”

In 25 years with CSX, Baggs has held positions in finance, economic analysis, corporate strategy, treasury and investor relations. He earned a bachelor’s degree from the University of Arizona and a master’s of business administration from the College of William and Mary. He is a member of the National Investor Relations Institute and the Association for Financial Professionals.

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 and the District of Columbia. CSX’s network connects more than 240 short line and regional railroads and more than 70 ocean, river, and lake ports. More information about CSX Corporation and its subsidiaries is available at www.csx.com.

Contact:
Gary T. Sease
1 (877) TELL-CSX (835-5279)