PP. 1). The railroad story is one of low cost, fuel efficient, and environmentally friendly shipping. CSX is well positioned to benefit from the growing surge of railroad traffic and intermodal capacity. The company's financial position is excellent, and shareholders will receive continued payoffs in dividend growth and stock appreciation. Over the coming decade the expectation will be that CSX expands into the western U.S. with mergers or acquisitions of smaller regional railroads. In so doing the company will continue its delivery of shareholder value by capitalizing on the tremendous growth in coal exports, domestic consumer demand, and intermodal connectivity.