csx 2007 MerrillLynch Presentation FINAL

This presentation was given at the Merrill Lynch Global Transportation Conference in June 2007. It summarizes CSX's financial performance and long-term targets. CSX has significantly improved safety, service, and productivity through its operational initiatives. This has driven earnings growth and stock price appreciation, outperforming peers. CSX aims to continue this trend through 2010 with targets of 10-12% annual operating income growth, 15-17% annual EPS growth, and mid-low 70s operating ratio. Strategic capital investments will support growth while maintaining an investment grade profile and balanced capital allocation between reinvestment, dividends, and share repurchases.