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Norfolk Southern Railway

This article is about the rail company that has existed since 1982. For the historical railway, see Norfolk Southern Railway (1942–1982).
"Norfolk Southern" redirects here. For the part of Norfolk, England, see South Norfolk.

Norfolk Southern Railway
Map of Norfolk Southern Railway with trackage rights in purple
NS 9865, a GE Dash 9-40CW, leads an intermodal train in Wauseon, Ohio
Overview
HeadquartersAtlanta, Georgia, U.S.
Reporting markNS
LocaleNortheastern, Southern and Midwestern United States
Dates of operationJune 1, 1982–present
PredecessorsNorfolk and Western Railway
Southern Railway
Technical
Track gauge4 ft 8+1⁄2 in (1,435 mm) standard gauge
Length19,335 miles (31,117 km)
Norfolk Southern Corporation
Company typePublic
IndustryTransportation
FoundedJuly 23, 1980 (1980-07-23) in Norfolk, Virginia, U.S.
HeadquartersAtlanta, Georgia, U.S.
Key people
Mark R. George (President and CEO)
RevenueDecrease US$12.16 billion (2023)[1]
Decrease US$2.851 billion (2023)[1]
Decrease US$1.827 billion (2023)[1]
Total assetsIncrease US$41.65 billion (2023)[1]
Total equityIncrease US$12.78 billion (2023)[1]
Number of employees
Decrease 20,000 (2023)[2]
Websitenorfolksouthern.com
Footnotes / references
[3]

The Norfolk Southern Railway (reporting mark NS) is a Class I freight railroad operating in the Eastern United States. Headquartered in Atlanta, the company was formed in 1982 with the merger of the Norfolk and Western Railway and Southern Railway.[4] The company operates 19,420 route miles (31,250 km) in 22 eastern states, the District of Columbia,[5] and has rights in Canada over the Albany to Montreal route of the Canadian Pacific Kansas City.[6][7] Norfolk Southern Railway is the leading subsidiary of the Norfolk Southern Corporation.

Norfolk Southern maintains 28,400 miles of track, with the rest managed by other parties through trackage rights.[8] Intermodal containers and trailers are the most common commodity type carried by NS, which have grown as the coal business has declined throughout the 21st century; coal was formerly the largest traffic source. The railway offers the largest intermodal rail network in eastern North America.[9] NS was also the pioneer of Roadrailer service. Norfolk Southern and its chief competitor, CSX Transportation, have a duopoly on the transcontinental freight rail lines in the Eastern United States.

Norfolk Southern is the namesake and leading subsidiary of the Norfolk Southern Corporation, based in Atlanta, Georgia;[10] it was headquartered in Norfolk, Virginia, until 2021.[11] Norfolk Southern Corporation was incorporated in Virginia on July 23, 1980, and is publicly traded on the New York Stock Exchange (NYSE) under the symbol NSC.[12] The primary business function of Norfolk Southern Corporation is the rail transportation of raw materials, intermediate products, and finished goods[13] across the Southeast, East, and Midwest United States.[14] The corporation further facilitates transport to the remainder of the United States through interchange with other rail carriers while also serving overseas transport needs by serving several Atlantic and Gulf Coast ports. As of February 2024, Norfolk Southern Corporation's total public stock value is $57.869. As of January 2024, Norfolk Southern's operating revenue is $3.07 billion.[15][16]

  1. ^ a b c d e "Norfolk Southern Corporation Common Stock (NSC) Financials". Nasdaq. Retrieved May 12, 2023.
  2. ^ "Annual Reports". Norfolk Southern.
  3. ^ Form 10-K (Report). February 4, 2021.
  4. ^ "New Norfolk Southern Corporation Headquarters Will Be in Norfolk". Washington Post. March 26, 1982. Retrieved May 12, 2023.
  5. ^ "About NS". Norfolk Southern Corporation. Retrieved January 5, 2014.
  6. ^ "System Overview". Norfolk Southern. Archived from the original on March 29, 2015. Retrieved August 25, 2018.
  7. ^ "Federal Railway Companies". Canadian Transportation Agency. Archived from the original on April 30, 2012. Retrieved June 30, 2019.
  8. ^ 2015 Annual Report. Norfolk, VA: Norfolk Southern Corp. 2016. p. K9.
  9. ^ "Untitled Document". www.sec.gov.
  10. ^ "Railroad company Norfolk Southern is moving its headquarters from Norfolk to Atlanta". The Florida Times-Union.
  11. ^ "New Norfolk Southern Corporation Headquarters Will Be in Norfolk". Washington Post. March 26, 1982. Retrieved March 10, 2023.
  12. ^ Bomey, Nathan. "Canadian Pacific ends attempt to take over Norfolk Southern". USA Today.
  13. ^ "Kansas City Southern Steams Ahead Amid Buyout Chatter". Investopedia.
  14. ^ "Canadian Pacific ends bid to buy Norfolk Southern". The Seattle Times. April 11, 2016.
  15. ^ "Norfolk Southern's Fourth-Quarter Profit Falls 33% as Ohio Derailment Costs Continue to Grow". US News & World Report. January 26, 2024. Retrieved February 27, 2024.
  16. ^ "Norfolk Southern misses profit estimates, says it took $1.1 bln hit from derailment in 2023". Reuters. January 26, 2024. Retrieved February 27, 2024.

Norfolk Southern Railway

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