The following is excerpted from the question-and-answer section of the transcript.

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Question: Ken Hoexter - Banc of America - Merrill Lynch - Analyst: Great. Good morning. After years of eliminating unprofitable intermodal revenues, it seems like your operating ratio on the intermodal side is creeping up significantly. When we get this turnaround, and volumes obviously starting to improve sequentially, are we going to have to go through another period of culling some of these revenues? I just want to get your thoughts on the intermodal business, which is the one part that doesn't seem to have the rebound that the great rail cost cutting side is having.

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Ken Hoexter - Banc of America - Merrill Lynch - Analyst: Great. Thanks, Clarence. If I can just get the follow-up on -- Oscar, you mentioned a couple times you don't expect costs to come back on a one-on-one basis. Can you walk through what level you would expect incremental margins on incremental revenues as they do start to turn around?

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Ken Hoexter - Banc of America - Merrill Lynch - Analyst: Okay. And just a quick one if I can. On cash, do you plan on doing any stock buybacks again soon? It looks like you're building up over $1 billion of cash reserves here.

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Ken Hoexter - Banc of America - Merrill Lynch - Analyst: Great. Thanks for the time.

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Question: Tom Wadewitz - JPMorgan - Analyst: Yes, good morning. Let's see. So a lot of things working quite well for you so congratulations on the good results. I wanted to drill down a little bit more on coal. You had some pretty cautious comments on that. Can you give us a sense -- are you anticipating a further step down in coal volumes? Or are you just saying they stay at a similar level, and they don't show the improvement that you might see in other segments?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Tom Wadewitz - JPMorgan - Analyst: So when you look at 2010, I guess one thing to consider would be minimum commitments that the utilities have either with the miners or with you. Do you think those minimum commitments step down in 2010 versus this year? Or is there not a big change in that?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Tom Wadewitz - JPMorgan - Analyst: Okay, and do you have a quick comment on timing on legislation? And obviously, I'll pass it along to someone else.

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Question: Tom Wadewitz - JPMorgan - Analyst: Great. Thanks for the time.

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: William Greene - Morgan Stanley - Analyst: Yes, good morning. Clarence? How much of the 2010 business already has a price locked in?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: William Greene - Morgan Stanley - Analyst: Clarence, I think on last year's third quarter call, you'd mentioned half your business comes up for renewal each year and at that point about a third had been negotiated and a third was in negotiations. Would it be different this year? Did you renegotiate things in a different way last year that would make that different? Or should that be about the same?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: William Greene - Morgan Stanley - Analyst: Okay. And then, can you just remind us legacy contracts? Are there any left at this point?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: William Greene - Morgan Stanley - Analyst: Okay, and then one quick question for Oscar. Oscar, the network seems to have at this point -- I think you could say a fair amount of excess capacity? So would that suggest you can hold CapEx at these levels for at least a year or two? I know you haven't given guidance on CapEx for 2010. But just conceptually it would seem that we could run CapEx at these levels until the volumes come back to 2007 volume levels. Is that logical?

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: William Greene - Morgan Stanley - Analyst: Okay, thank you for the time.

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Question: Edward Wolfe - Wolfe Research - Analyst: Good morning. Can we just first start with some of the expense lines? Oscar, based on your comments on the MS&O line it seems like $20 million was what you referred to as not ongoing. So if we take the $428 million, and we add $20 million give or take -- is $448 million as good a placeholder as any for fourth quarter? Or is there a seasonal increase or anything else we should think about for that line?

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Edward Wolfe - Wolfe Research - Analyst: No, that's helpful. And directionally though, fourth quarter no different seasonally than the others?

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Edward Wolfe - Wolfe Research - Analyst: Okay, and then also directional. I'm not looking for precision in these expense lines. But if I look at labor costs down sequentially despite the 4% wage increase in July and higher volumes both sequentially. How do you account for that -- the sequential improvement and the year-over-year?

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Edward Wolfe - Wolfe Research - Analyst: Somebody, I think it was Clarence noted about getting pricing above inflation. What's the expected rail inflation for 2010? How are you thinking about that?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Edward Wolfe - Wolfe Research - Analyst: And that's an overall combination of labor and materials and everything?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Edward Wolfe - Wolfe Research - Analyst: Yes. Can you talk a little bit about tariff expectations, Clarence? Everyone has asked you about pricing and what's locked in. But what's your expectation for getting tariffs in 2010 relative to not being able to get them in '09 so much?

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Edward Wolfe - Wolfe Research - Analyst: And lastly, this is just a follow-up to that, and then I'm done. But with the timing of when you make that decision is when?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Edward Wolfe - Wolfe Research - Analyst: Okay, thanks a lot.

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Question: Gary Chase - Barclays Capital - Analyst: Good morning. Clarence, could you just clarify when you said the current inventory levels represent a 5% overhang -- you mean you would have to take your current volume rates down 5% for a year to correct it? Could you just define what that 5% means?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Gary Chase - Barclays Capital - Analyst: Right, but that wouldn't be 5% on a year. That's just 5% relative to the inventory levels, right?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Gary Chase - Barclays Capital - Analyst: Okay. I understand the desire to be conservative on this. How hard is it for coal to get incrementally more negative? I mean, it's not a bright spot now. Do you have customers that are trying to renegotiate these minimums whatever the contractual provisions? And then, as a follow-up to that, I guess the other side of it is, does the dynamic now with natural gas make you rethink how much value you can extract on the pricing side looking forward from some of these legacy situations?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Answer By: Tony Ingram - CSX Corporation - EVP, COO

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Gary Chase - Barclays Capital - Analyst: So, it sounds like that would be a no to the second as well. You don't think it's going to change the dynamic?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Gary Chase - Barclays Capital - Analyst: Looking forward on -- .

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Gary Chase - Barclays Capital - Analyst: Okay. I appreciate it.

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Question: Matt Troy - Citigroup - Analyst: Yes, thank you. Back to the earlier question about legacy contracts. Just given the fluid situation in the automotive industry, I know Ford has got a big contract with Norfolk Southern that is supposed to reprice at a pretty favorable market-based rate in the fourth quarter. Could you just talk about your automotive book? Are you involved in that in renegotiation? Is there potential for share gain or loss? And what does the automotive side of the business look like? I would imagine the pricing opportunity there perhaps not as much as it was maybe two or three years ago when that was a healthier industry.

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Matt Troy - Citigroup - Analyst: Right. It's the classic immovable object versus the irresistible force.

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Matt Troy - Citigroup - Analyst: I guess if I look at a question, because we were running long, and I'll keep it to two. A question I had for Oscar -- it's just a modeling question. I just want to make sure I understand something correctly. You had in your footnote that you had about $160 million of CapEx not running through the CapEx line but actually classified as financing activities because you used seller financing. Was just wondering what that was -- just to clarify. So we can come up with what the true full year CapEx number would be.

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Matt Troy - Citigroup - Analyst: Okay, so it's just a timing issue?

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Matt Troy - Citigroup - Analyst: So the full year CapEx guidance is unchanged?

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Matt Troy - Citigroup - Analyst: Absolutely. Thank you.

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Question: Chris Ceraso - Credit Suisse - Analyst: Good morning. Can you hear me?

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Chris Ceraso - Credit Suisse - Analyst: Is that better? You mentioned a lot about coal, and I understand the inventory issues as it relates to steam coal. But it looks like steel production is starting to ramp up a bit globally. Do you think that there's a chance that met coal and export coal can be up in 2010 versus '09?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Chris Ceraso - Credit Suisse - Analyst: Okay, and then you've got the union contract coming up at the end of the year. Do you think that the union appreciates the concept here that if wage increases get smaller then your need to raise prices much can also come down which might take some regulatory pressure off the industry?

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Question: Chris Ceraso - Credit Suisse - Analyst: Okay. Thank you very much.

Question: Justin Yagerman - Deutsche Bank - Analyst: Good morning, gentlemen.

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Question: Justin Yagerman - Deutsche Bank - Analyst: Looking at the coal side of things, I just want to get back. I don't know if we got 100% clear answer. You said that you're not currently getting pushback in terms of the minimums there -- that the utilities have to take. If that's the case then what's going to drive further pressure on the mix from coal overall? And then I guess -- if in the worst case scenario, you did have to take liquidated damages because you weren't able to ship enough product. What does that mean in terms of how much you could make up for given the fact that margins on those liquidated damages would essentially be 100%?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Answer By: Tony Ingram - CSX Corporation - EVP, COO

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Justin Yagerman - Deutsche Bank - Analyst: Okay, that's helpful. And then, I just -- a follow-up question on the cost side and thinking about the $20 million in MS&O. When we think about that as incorporated into continuing earnings, are there other offsets in your cost structure that maybe were opposite -- counteracting that? That we should be thinking about that are one-time in nature that would lead us to believe that on a net basis this is neutral from a continuing standpoint?

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Justin Yagerman - Deutsche Bank - Analyst: Got it. That's very fair, and I guess just lastly before I go. On the modest improvement that you saw in terms of volume declines in intermodal as we move forward. Do you think there's any leading indicator there? Are you getting a sense from your customers that this pretends -- is some kind of improvement in economic activity on an underlying basis? Are you seeing strength in consumer goods coming out as we're starting to hear about Asian export growth and all the rest. You mentioned a little bit of strengthening in the international business. Just any comments around that would be interesting to hear.

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Justin Yagerman - Deutsche Bank - Analyst: Well it would be the first time in a while that we have felt any seasonality so that's actually nice.

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Justin Yagerman - Deutsche Bank - Analyst: Appreciate it. Thanks for your time.

Question: Donald Broughton - Avondale Partners - Analyst: Good morning gentlemen.

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Question: Donald Broughton - Avondale Partners - Analyst: Let's go back and dwell a little bit on the labor line. I want to get a little bit more granularity -- a follow-up on what Ed was asking earlier. The number of T&E employees was actually higher sequentially. And in the second quarter, your train starts were down 20% and crew starts were down 20%, they were only down 19%. Still heroic in the third quarter, but they were down less in the third than they were in the second. So with the 4% inflation in wages halfway through the quarter, trying to get the 15.5% drop in wages to foot. What else is there? Has there been a change in management compensation or incentive payout?

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Donald Broughton - Avondale Partners - Analyst: Well you got T&E employees are up sequentially.

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Donald Broughton - Avondale Partners - Analyst: And while your crew starts are still down, they're down less than they were than the second quarter. So if your T&E employees are up, they are getting paid 4% an hour more. And your crew starts are down less? Then why shouldn't -- why wouldn't I see -- how is it that nominally, sequentially the wage number could actually fall?

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Donald Broughton - Avondale Partners - Analyst: Well, the headcount is up sequentially.

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Donald Broughton - Avondale Partners - Analyst: So incentive comp is part of it. Bigger than a bread box, smaller than a railcar? What are we talking about in the amount of swing in incentive comp?

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Donald Broughton - Avondale Partners - Analyst: I'm sorry?

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Donald Broughton - Avondale Partners - Analyst: If I could learn to read?

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Donald Broughton - Avondale Partners - Analyst: You know what Mark Twain said about that. Okay, that explains the variance then. Thank you.

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: John Mims - BB&T Capital Markets - Analyst: Good morning. Most of my questions have been answered. Not to beat this coal horse to death, but just to make sure I'm looking at it right. When you talk about the headwinds you see in Q4 and going into 2010, on a sequential basis, are we going to see carloads stay about the same as Q3? Or were you going to see those decline in Q4 and into Q1?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: John Mims - BB&T Capital Markets - Analyst: And in 2010, can you venture that far?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Answer By: Tony Ingram - CSX Corporation - EVP, COO

Question: John Mims - BB&T Capital Markets - Analyst: Yes, and this is just kind of on that same line, and I know this is difficult to answer. But finger in the wind, would you say this is a three quarter headwind, a five quarter headwind? How have similar situations typically played out?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: John Mims - BB&T Capital Markets - Analyst: Great. Thanks for the time. Great quarter.

Question: Randy Cousins - BMO Capital Markets - Analyst: Good morning.

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Question: Randy Cousins - BMO Capital Markets - Analyst: Oscar, I wonder if you could speak to the casualty reserves for the fourth quarter, given the great FRA statistics that you are producing. Normally, you take the Q ups in Q2 and Q4? Can you give us some sense as to -- obviously, you're probably not going to repeat what you did in Q2. But is it going to be $10 million to $20 million as a true-up?

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Randy Cousins - BMO Capital Markets - Analyst: Okay, and then my second question has to do with the surcharge legacy. You talked about as a headwind year-over-year. And if I look at your Slide Number 25 because I'm more interested in the quarter to quarter issue as opposed to the year-over-year number because last years number is in a totally different environment than what we've got today. So as the way to think of this as I think it shows up as $33 million headwind this quarter, or in the Q3. And a $19 million, I think you're looking for in terms of sort of the next quarter so the swing is we should think of that as a $14 million favorable adjustment?

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Randy Cousins - BMO Capital Markets - Analyst: Sorry, yes.

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Randy Cousins - BMO Capital Markets - Analyst: Yes.

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Randy Cousins - BMO Capital Markets - Analyst: So in terms of thinking about Q3 versus Q4, that then on a $19 million positive?

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Randy Cousins - BMO Capital Markets - Analyst: I'm just thinking quarter to quarter as opposed to year-over-year?

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Randy Cousins - BMO Capital Markets - Analyst: So $19 million positive?

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Question: Randy Cousins - BMO Capital Markets - Analyst: Thank you.

Answer By: David Baggs - CSX Corporation - Asst. VP - IR

Question: Jason Seidl - Dahlman Rose - Analyst: Good morning, gentlemen. I'll keep this quick. Tony, how much additional freight can the network handle before you are going to have to start adding train sets?

Answer By: Tony Ingram - CSX Corporation - EVP, COO

Question: Jason Seidl - Dahlman Rose - Analyst: Okay. And Clarence? You noted that you're still seeing a little bit of pricing pressure on the domestic and intermodal. Have you started to see that ease any in the last -- call it, month or two? Because we've noted sort of a sequential uptick in truckload pricing. Not much of one, but a sequential one. Is that flowing through to you yet? Or no, not yet?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Jason Seidl - Dahlman Rose - Analyst: Okay. Gentlemen, thank you for your time as always.

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Question: Walter Spracklin - RBC Capital Markets - Analyst: Thank you, good morning. Just to follow-up on the regulatory front here. There's some news articles, and I don't know to what extent you can really comment on this. But talking about a bill having been run past you guys and you seem to be okay with it, and it just sounds like some of the shippers have a few qualms about it. Is there anything you can speak to about that? And is there any truth to that?

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Question: Walter Spracklin - RBC Capital Markets - Analyst: Okay, understood, but that's good color. I appreciate it. Just last question, you mentioned the positive trend control being an unfunded liability out there. Do you have any -- assuming that there's no update in the next year or two on how any government funding might come in. How do you approach the funding of those initiatives given that deadline you have? In other words, how much CapEx can we see devoted toward PTC in the next couple years?

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Answer By: Oscar Munoz - CSX Corporation - CFO, EVP

Question: Walter Spracklin - RBC Capital Markets - Analyst: Okay, understood. Those are my two questions. Thanks very much.

Question: Jon Langenfeld - Robert Baird & Company - Analyst: Good morning. On the domestic intermodal side, can you talk about where the areas of relative strength are? Is it Transcon? Is it IntraEastern region, and-or, how is the spot market business doing?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Jon Langenfeld - Robert Baird & Company - Analyst: So, across the board?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Jon Langenfeld - Robert Baird & Company - Analyst: Okay, thanks. And then, the follow-up is you have a couple larger partnerships with intermodal marketing companies. And then, you have a number of smaller partnerships. How does your strategy look if one of the larger partners no longer is able to service your needs? How does your -- just generically, how does your strategy look out over the next three to five years under that type of scenario? Where are the offsets? What are your options?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Jon Langenfeld - Robert Baird & Company - Analyst: Great, and does the core pricing on domestic intermodal -- can you give us some sense of what that looks like for you?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Jon Langenfeld - Robert Baird & Company - Analyst: Correct.

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Jon Langenfeld - Robert Baird & Company - Analyst: But would you care to quantify that for us? Is it down a couple percent? Is it down 6%? What would be the range we're looking at?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: Jon Langenfeld - Robert Baird & Company - Analyst: Okay, very good. Thank you.

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Question: John Larkin - Stifel Nicolaus - Analyst: Yes, good morning, everyone. I had a question that's a little longer term in nature -- related to target margins in the three to five year time horizon. If we are in the early stages of volume recovery which I think is an accurate assessment, and you are able to bring costs on at a less rapid rate than the volumes recover and pricing outstrips inflation, you ought to have a pretty good run of margin expansion here. Do you think over that three to five year time horizon that it's possible to get down into a consistent sustainable operating ratio with a six in front of it?

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO

Question: John Larkin - Stifel Nicolaus - Analyst: Okay, and then just maybe another final question here. There's been a lot written and talked about with respect to natural gas prices being low and how long they will be low and so forth. Do you have a handle, Clarence, on how many of the power plants that you serve, actually have the technology in place to switch over to natural gas? And how many of those have actually either totally or partially switched over to natural gas at this point?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: John Larkin - Stifel Nicolaus - Analyst: Okay, so is it safe to say that really the issue is the stockpiles and the reduced electricity demand and once that stockpile as an industry gets drawn down, we will return to a more of a normal level of coal movements?

Answer By: Clarence Gooden - CSX Corporation - Chief Sales & Marketing Officer

Question: John Larkin - Stifel Nicolaus - Analyst: Thanks very much.

Answer By: Michael Ward - CSX Corporation - Chairman, Pres., CEO