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CSX congratulates National Gateway Coalition on receiving TIGER funds

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Slide 1 CSX congratulated Ohio Governor Ted Strickland, Maryland Governor Martin O'Malley, Pennsylvania Governor Ed Rendell, Virginia Governor Bob McDonnell, West Virginia Governor Joe Manchin and the National Gateway coalition on the award of $98 million in Transportation Investment Generating Economic Recovery (TIGER) grant money. The funds will go immediately to construction projects that enhance the use of fuel-efficient and environmentally-friendly freight rail.

"The entire National
Gateway coalition has shown extraordinary vision, dedication and commitment,"
said Michael Ward, chairman, president, and chief executive officer of CSX. "Supporting
this investment creates jobs now and improves America’s transportation system
and competitive advantage over the long-haul."

By creating a more
efficient double-stack cleared rail corridor between East Coast sea ports and
consumption centers and Midwest distribution centers, the National Gateway will
yield an estimated $22 in public benefits for every dollar of public money invested.
This public-private partnership will create greater capacity for goods moving
in and out of the Midwest, reducing transit times between coastal ports and
major population centers by 24 to 48 hours; reduce highway congestion and
transportation emissions; and create over 50,000 jobs.

The National Gateway is
supported by a broad coalition that includes governors and regional officials
across six states, more than three dozen members of Congress, three port
authorities, and a large number of global shippers, ocean carriers, business
organizations and environmental groups.

The TIGER Discretionary
Grant program is part of the American Recovery and Reinvestment Act. The
federal funds will help complete the $842 million project, to which sponsoring
states have pledged $189 million and CSX has contributed $395 million.

"The entire National
Gateway coalition has shown extraordinary vision, dedication and commitment,"
said Michael Ward, chairman, president, and chief executive officer of CSX. "Supporting
this investment creates jobs now and improves America’s transportation system
and competitive advantage over the long-haul."

By creating a more
efficient double-stack cleared rail corridor between East Coast sea ports and
consumption centers and Midwest distribution centers, the National Gateway will
yield an estimated $22 in public benefits for every dollar of public money invested.
This public-private partnership will create greater capacity for goods moving
in and out of the Midwest, reducing transit times between coastal ports and
major population centers by 24 to 48 hours; reduce highway congestion and
transportation emissions; and create over 50,000 jobs.

The National Gateway is
supported by a broad coalition that includes governors and regional officials
across six states, more than three dozen members of Congress, three port
authorities, and a large number of global shippers, ocean carriers, business
organizations and environmental groups.

The TIGER Discretionary
Grant program is part of the American Recovery and Reinvestment Act. The
federal funds will help complete the $842 million project, to which sponsoring
states have pledged $189 million and CSX has contributed $395 million.

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