Exhibit 99.1
                                                  Contact:  Adam Hollingsworth
                                                                  904-359-3161


                 CSX ANNOUNCES SECOND-QUARTER IMPACT RELATING TO
                          WEST VIRGINIA ASBESTOS SUITS


         JACKSONVILLE, Fla., June 26, 2003 - CSX Corporation (NYSE: CSX) today
announced the company will record additional expense during the second quarter
of 2003 as a result of lawsuits recently filed in West Virginia state courts.
         Accounting rules require the company to record an estimate of these
expenses. Approximately $17 million will be recorded to account for the newly
filed claims in West Virginia related to asbestos. This reporting is consistent
with previous experience in similar claims, however, the legitimacy of each
claim must still be thoroughly reviewed and litigated.
         Just days before a new venue law took effect in West Virginia
approximately 1,500 cases were filed against CSX Transportation (CSXT), CSX
Corporation's rail operating unit. The vast majority of the claims involve
people who never lived or worked in West Virginia and could have been dismissed
and required to have been heard in states that have some relationship to the
claim, if they had been filed after June 4, the effective date of the new law.
         "The rush to beat the effective date shows why the leaders of West
Virginia made such a responsible decision earlier this year to reform the
state's venue statute. With these latest filings, hundreds of cases have entered
West Virginia's resource-constrained court system that have no connection with
the state. Responsible citizens and the shareholders and employees of CSX want
us to fight for judicial fairness and against every illegitimate claim, and we
will," said CSX Senior Vice President of Law and General Counsel, Ellen
Fitzsimmons.



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         CSX Corporation, based in Jacksonville, Fla., owns the largest rail
network in the eastern United States. CSX Transportation and its 34,000
employees provide rail transportation services over a 23,000 route-mile network
in 23 states, the District of Columbia and two Canadian provinces. CSX also
provides intermodal and global container terminal operations through other
subsidiaries.
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                   Please visit CSX's website at: www.csx.com
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         This press release contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act with respect to, among
other items: projections and estimates of earnings, revenues, cost-savings,
expenses, or other financial items; statements of management's plans, strategies
and objectives for future operation, and management's expectations as to future
performance and operations and the time by which objectives will be achieved;
statements concerning proposed new products and services; and statements
regarding future economic, industry or market conditions or performance.
Forward-looking statements are typically identified by words or phrases such as
"believe," "expect," "anticipate," "project," and similar expressions.
Forward-looking statements speak only as of the date they are made, and the
Company undertakes no obligation to update or revise any forward-looking
statement. If the Company does update any forward-looking statement, no
inference should be drawn that the Company will make additional updates with
respect to that statement or any other forward-looking statements.

         Forward-looking statements are subject to a number of risks and
uncertainties, and actual performance or results could differ materially from
that anticipated by these forward-looking statements. Factors that may cause
actual results to differ materially from those contemplated by these
forward-looking statements include, among others: (i) the Company's success in
implementing its financial and operational initiatives, (ii) changes in domestic
or international economic or business conditions, including those affecting the
rail industry (such as the impact of industry competition, conditions,
performance and consolidation); (iii) legislative or regulatory changes; and
(iv) the outcome of claims and litigation involving or affecting the Company.
Other important assumptions and factors that could cause actual results to
differ materially from those in the forward-looking statements are specified in
the Company's SEC reports, accessible on the SEC's website at www.sec.gov and
the Company's website at www.csx.com.