Exhibit 99.1


     RICHMOND, Va., Nov. 21, 2001 - CSX Corporation (NYSE: CSX) said today it
has reached a proposed settlement of the litigation filed against the company
following a 1987 tank car fire in the Gentilly section of New Orleans. The
settlement is subject to a fairness hearing and court approval.

     Net of insurance recoveries, CSX will incur an after tax expense of 17
cents per share in the fourth quarter of 2001 to account for the proposed
settlement.

     CSX Corporation, headquartered in Richmond, Va., operates the largest rail
network in the eastern half of the Unites States and also provides intermodal,
domestic container shipping and international terminal management services.


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