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(CSX issued the following news release on June 2.)

JACKSONVILLE, Fla. — Tony Ingram, CSX Transportation executive vice president and chief operating officer, announced today W. Michael Cantrell, senior vice president-engineering and mechanical, has decided to retire effective September 1, 2004.

“Mike is a gifted professional and industry leader whose contributions have had a strong impact on the railroad industry,” said Ingram. “In his eight years with CSX Transportation, he has played a key role in developing improved labor-management relationships and implementing advanced technology, such as the auxiliary power units and wireless communication technology.

“While we will miss Mike’s enthusiasm and process focus, we respect his desire to spend more time with his wife Hope, three children and two grandchildren, and wish him all the best in his retirement,” Ingram added.

Cantrell joined CSXT in 1996 as vice president-mechanical. Since that time, he has also led the engineering and advanced operations technologies groups at the railroad. Before joining CSXT, Cantrell spent 22 years with Cummins Engine Company in Columbus, Ind.

Cantrell’s position will not be filled. Instead, three experienced professionals will lead the various functions of his previous role and will report directly to Ingram. Richard J. Regan, previously chief mechanical officer-locomotives, has been promoted to vice president-mechanical. James D. Bagley joins CSXT as vice president-engineering after more than 31 years with the Norfolk Southern Railroad. In addition, Richard M. Kadlick will continue in his current role as vice president-engineering & mechanical quality and standards, now reporting directly to Ingram.

“The combined talent of these three skilled professionals will be invaluable as we continue to move our company forward and provide safe, reliable service to our customers,” said Ingram.

Regan began working for Conrail in 1974, holding a number of positions within the mechanical department. In 1999, he became general manager-car operations for CSXT. After leaving the Norfolk Southern Railroad in 2000, Bagley worked as an independent consultant specializing in railroad engineering issues. Kadlick joined CSXT in 1994 after serving in the United States Navy, where he retired with the rank of Captain after more than 25 years.

CSX Corporation (NYSE: CSX – News), based in Jacksonville, Fla., owns one of the largest rail networks in the United States. CSX Transportation Inc. 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 Corporation also provides intermodal and global container terminal operations through other subsidiaries.