The Virginian-Pilot
                             THE VIRGINIAN-PILOT 
              Copyright (c) 1995, Landmark Communications, Inc.

DATE: Wednesday, May 3, 1995                 TAG: 9505030513
SECTION: BUSINESS                 PAGE: D2   EDITION: FINAL 
SOURCE: (Staff)
                                             LENGTH: Short :   20 lines

CSX RESTRUCTURING WILL RESULT IN EARNINGS DIP

CSX Corp., the Richmond-based transportation company, said it will take a pretax restructuring charge of between $200 million and $250 million against its second-quarter earnings. The charge covers the writedown of outdated telecommunications assets, the previously announced reflagging of five U.S.-flag Sea-Land Service Inc. ships to Marshall Islands registry and the planned move of the Sea-Land subsidiary's headquarters from Liberty Corner, N.J., to Charlotte. by CNB