Exhibit 99.1

FOR IMMEDIATE RELEASE
August 30, 2004


                                             Contacts:  Adam Hollingsworth
                                                        904-366-2949
                                                        CSX Corp.

                                                        Bob Fort
                                                        757-629-2710
                                                        Norfolk Southern Corp.
                                                        (Media inquiries)

                                                        Leanne Marilley
                                                        757-629-2861
                                                        Norfolk Southern Corp.
                                                        (Investor inquiries)

                                                        Jonathan M. Broder
                                                        215-209-5020
                                                        Consolidated Rail Corp.



     CONRAIL, CSXT AND NSR ANNOUNCE CLOSING OF EXCHANGE OFFER, UNSECURED AND
         SECURED DEBT CONSENT SOLICITATIONS AND CONRAIL'S RESTRUCTURING

WASHINGTON, D.C. - Consolidated Rail Corporation (Conrail), CSX Transportation,
Inc. (CSXT) and Norfolk Southern Railway Company (NSR) announced today that they
have closed both their previously announced offer to exchange new unsecured debt
securities of CSXT and NSR and cash for existing unsecured debt securities of
Conrail and their solicitation of consents relating to the restructuring of
Conrail's indebtedness. The new unsecured debt securities were issued, and cash
was paid, to holders of Conrail's unsecured debt securities that had tendered
their debt securities, and provided their consent to the transactions relating
to the restructuring of Conrail's indebtedness, on or prior to the expiration
date of the exchange offer. Cash was also paid to holders of Conrail's equipment
trust certificates and pass through trust certificates that provided their
consents to, among other things, the restructuring of Conrail's indebtedness on
or prior to the expiration of the secured debt consent solicitation.

The exchange offer and the unsecured and secured debt consent solicitations were
part of a series of transactions relating to the restructuring of Conrail's
indebtedness and assets as described in the parties' joint petition filed with
the Surface Transportation Board on June 4, 2003. The restructuring was
completed on Friday, August 27, 2004. As a result of the completion of the
restructuring, the business, assets, and operations of New York

                                      -2-

Central Lines LLC were consolidated into CSXT and the business, assets, and
operations of Pennsylvania Lines LLC were consolidated into NSR.

CSX Corporation (CSX), based in Jacksonville, Fla., owns the largest rail
network in the eastern United States. CSXT 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.

Norfolk Southern Corp. (NSC) through its NSR subsidiary operates 21,500 route
miles in 22 states, the District of Columbia and Ontario, Canada, serving every
major container port in the eastern United States and providing connections to
western rail carriers. NSC operates an extensive intermodal network and is the
nation's largest rail carrier of automotive parts and finished vehicles.

Conrail is a principal freight railroad in the Northeastern United States, and
is indirectly owned 58% by NSC and 42% by CSX.

This press release contains forward-looking statements which speak only as of
the date they are made, and none of CSX, NSC, Conrail, or any of their
respective subsidiaries undertakes any obligation to update or revise any
forward-looking statement. If CSX, NSC or Conrail do update any forward-looking
statement, no inference should be drawn that CSX, NSC or Conrail 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 other factors which are, in some cases, beyond the control of
CSX, NSC and Conrail and could materially affect actual results, performance or
achievements. Factors that may cause actual results to differ materially from
those contemplated by these forward-looking statements include, among others:
(i) 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 a
company. Other important assumptions and factors that could cause actual results
to differ materially from those in the forward-looking statements made by each
of NSC and CSX are specified elsewhere in NSC's and CSX's respective documents
filed with the SEC. Documents filed with the SEC by CSX and NSC are accessible
on the SEC's website at www.sec.gov, CSX's website at www.csx.com and NSC's
website at www.nscorp.com.


                                       ###