Exhibit 99.2



                                                      CONTACTS: Thomas E. Hoppin
                                                                             CSX
                                                                  (804) 782-1450

                                                                     Robert Fort
                                                                Norfolk Southern
                                                                  (757) 629-2710

FOR IMMEDIATE RELEASE
June 3, 1997


                              CSX AND NORFOLK SOUTHERN ANNOUNCE
                                CONSUMMATION OF CONRAIL MERGER

RICHMOND and NORFOLK,  Va. -- CSX Corporation  (NYSE:  CSX) and Norfolk Southern
Corporation  (NYSE: NSC) announced today that a jointly  controlled  company has
been merged with and into Conrail Inc. The merger was effective June 2. Pursuant
to the merger,  all Conrail shares not owned by CSX, Norfolk Southern,  Conrail,
or their  respective  affiliates  were  converted into the right to receive $115
cash per share,  and the remaining  Conrail shares were  cancelled.  Transmittal
documents will be mailed promptly to shareholders entitled to receive the merger
payment.  Following the merger,  CSX and Norfolk Southern  indirectly own all of
the shares of the surviving  corporation (named Conrail Inc.) which will be held
in a joint voting trust pending federal regulatory approval.