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CSX ISSUES STATEMENT ON MARITIME REFORM LEGISLATION

 RICHMOND, Va., May 19 /PRNewswire/ -- CSX Corporation (NYSE: CSX) today issued the following statement in response to inquiries related to the planned introduction of legislation in the U.S. House of Representatives to effect reform of the nation's maritime industry. The Congressional action is being led by Rep. Gary Studds (D-Mass.), chairman of the House Merchant Marine and Fisheries Committee, and Rep. William Lipinski (D-Ill.), chairman of the Merchant Marine Subcommittee of the House Merchant Marine and Fisheries Committee.
 CSX Corporation today expressed its profound appreciation to Chairmen Studds and Lipinski for their efforts to move forward with maritime reform legislation this year. We were very disappointed with the administration's decision last week not to propose legislation and still believe it is critical to the nation's best interests to pass legislation this year.
 There is very little time remaining and there are major issues that must be addressed and resolved. In light of the time constraints and the lack of support from the administration, we are continuing to look at alternatives in case maritime reform is not enacted, but we are committed to working with the Congress.
 CSX Corporation, headquartered in Richmond, is an international transportation company offering a variety of rail, container-shipping, intermodal, trucking and barge services.
 -0- 5/19/93
 /CONTACT: Thomas E. Hoppin or Suzanne S. Walston of CSX, 804-782-1400/
 (CSX)


CO: CSX Corporation ST: Virginia IN: TRN MAR SU: LEG

DC-IH -- DC018 -- 0363 05/19/93 14:24 EDT
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Publication:PR Newswire
Date:May 19, 1993
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