Exhibit 99.1

                                                Contact: Adam Hollingsworth
                                                             (904) 359-3161



                       CSX COMPLETES LAND SALE TO TRIANGLE
                                TRANSIT AUTHORITY

         JACKSONVILLE, Fla., June 26, 2003 -CSX Corporation (NYSE:CSX) announced
today the completion of a real estate transaction with Triangle Transit
Authority (TTA) for the purchase of 52 acres of land in North Carolina. CSX
Corporation will receive $24.5 million for the sale.
         The property sale, for land along the rail corridor from Government
Center in downtown Raleigh to Spring Forest Road, allowed the TTA to obtain the
necessary right of way for construction of tracks for development of a regional
rail project.
         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