CSX CORPORATION / CSX TRANSPORTATION, INC.
CSX, based in Jacksonville, Florida, is one of the nations leading transportation companies. The Company provides rail-based
transportation services including traditional rail service and the transport of intermodal containers and trailers.
CSXs principal
operating subsidiary, CSX Transportation, Inc. (CSXT), provides an important link to the transportation supply chain through its approximately 20,500 route mile rail network, which serves major population centers in 23 states east of the
Mississippi River, the District of Columbia and the Canadian provinces of Ontario and Quebec. It has access to over 70 ocean, river and lake port terminals along the Atlantic and Gulf Coasts, the Mississippi River, the Great Lakes and the St.
Lawrence Seaway. This access allows the Company to meet the dynamic transportation needs of manufacturers, industrial producers, the automotive industry, construction companies, farmers and feed mills, wholesalers and retailers, and energy
producers. The Companys intermodal business links customers to railroads via trucks and terminals. CSXT also serves thousands of production and distribution facilities through track connections with other Class I railroads and approximately
230 short-line and regional railroads. CSXT is also responsible for the Companys real estate sales, leasing, acquisition and management and development activities after a merger with CSX Real Property, Inc., a former wholly-owned CSX
subsidiary, on July 1, 2017. In addition, as substantially all real estate sales, leasing, acquisition and management and development activities are focused on supporting railroad operations, all results of these activities are included in operating
income beginning in 2017. Previously, the results of these activities were classified as operating or non-operating based on the nature of the activity and were not material for any prior periods presented.
In addition to CSXT, the Companys subsidiaries include CSX Intermodal Terminals, Inc. (CSX Intermodal Terminals), Total
Distribution Services, Inc. (TDSI), Transflo Terminal Services, Inc. (Transflo), CSX Technology, Inc. (CSX Technology) and other subsidiaries. CSX Intermodal Terminals owns and operates a system of intermodal
terminals, predominantly in the eastern United States and also performs drayage services (the pickup and delivery of intermodal shipments) for certain customers and trucking dispatch operations. TDSI serves the automotive industry with distribution
centers and storage locations. Transflo connects non-rail served customers to the many benefits of rail by transferring products from rail to trucks. The biggest Transflo markets are chemicals and agriculture, which includes shipments of plastics
and ethanol. CSX Technology and other subsidiaries provide support services for the Company.
CSX CAPITAL TRUST
I
CSX Capital Trust I, which is referred to in this prospectus as the Trust, is a statutory trust formed under Delaware
law by us, as sponsor for the Trust, and BNY Mellon Trust of Delaware, as successor to Chase Bank USA, National Association (formerly known as Chase Manhattan Bank USA, National Association), who will serve as trustee in the State of Delaware for
the purpose of complying with the provisions of the Delaware Statutory Trust Act. The Trust was established pursuant to a trust agreement dated as of May 1, 2001 and a certificate of trust filed with the Secretary of State of the State of
Delaware on May 1, 2001, as amended by the certificate of amendment filed with the Secretary of State of the State of Delaware on February 5, 2013. The trust agreement for the Trust will be amended and restated substantially in the form
included as an exhibit to the registration statement, effective when securities of the Trust are initially issued. The amended and restated trust agreement will be qualified as an indenture under the Trust Indenture Act of 1939, as amended (the
Trust Indenture Act).
The amended and restated trust agreement will state the terms and conditions for the Trust to issue and
sell its trust preferred securities and its trust common securities (together, the trust securities). Under the amended and restated trust agreement, the Trust will exist for the exclusive purposes of:
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issuing two classes of trust securities, trust preferred securities and trust common securities, which together
shall represent undivided beneficial interests in the assets of the Trust;
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