1. 1 1 1 1 1 1 CSXT Intermodal SCORT September 2010 CSXT Intermodal SCORT September 2010

2. 2 Today Transportation demand challenges existing infrastructure Today2020 Source: USDOT FHWA Freight Analysis Framework CSX Territory

3. 3 Intermodal is growing again Domestic International56%56% 44%44% Intermodal Categories 1H 2010 Volume First Half summary — Strong growth in both International and Domestic - 16% Overall — International volumes increased due to higher imports as result of U.S. inventory replenishments — Domestic volumes continued to grow with truckload conversions and expanded service offerings Ongoing drivers — Capacity will remain tight in 2H 2010 — Transloading trend

4. 4 Structural conditions favor continued growth Intermodal growth rates are expected to far exceed those of all other modes The over-the-road alternative is increasingly challenged — Declining truckload productivity due to highway congestion — Shrinking driver pool due to demographics — Higher diesel prices underscore fuel inefficiencies Freight Market Value by Mode Source: 2009 Facts & Figures, USDOT/FHWA 2010.

5. 5 National Gateway-modal conversion platform  Project overview ― $842 million in investments ― 61 double stack clearance projects ― Construction and expansion of 6 intermodal terminals  Strategic value ― Increases intermodal capability in key population centers ― Improves Midwest connectivity with East Coast ports and Western Gateways  TIGER I Funding: $98 Million Thank you again for your support

6. 6 National Gateway project status Northwest Ohio Terminal Phase 1 – Northwest OH to Chambersburg, PA Phase 2 – Chambersburg, PA to Baltimore, MD Phase 3 – Baltimore, MD to Norfolk, VA/Wilmington, NC New York Chicago St Louis Memphis Baltimore Boston Buffalo Chambersburg Clearance projects (not all projects shown) Funded Not funded Projects funded jointly by CSX and Virginia/North Carolina Wilmington Charlotte

7. 7 Gulf Coast Southern California Northern California PNW Florida Northeast Midwest Atlanta – Research Triangle Existing flows NG opportunities National Gateway projects Evansville Western Railway, an affiliate of CSX, is the developer-operator of this NW Ohio facility NW Ohio enables the network

8. 8 NW Ohio progress-looking east

9. 9 NW Ohio progress-looking west

10. 10 Future infrastructure investments Today2020 Fluid east-west gateways East-west AND north-south corridors cleared for efficient double-stack operation Intermodal terminal expansions Reliable, recoverable railroad line capacity Green intermodal technologies 3-D intermodal terminals Compatible land use and synergistic road investment

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