Norfolk Southern Railway

Norfolk Southern intermodal train

Norfolk Southern Railway is a U.S. Class I railroad owned by Norfolk Southern Corporation operating 20,000 route miles of track in 22 states and the District of Columbia. The railroad provides service to every major Eastern seaport, 10 river ports and nine lake ports, and it has an extensive intermodal network. The company employed 30,103 individuals and reported 2013 revenue of $11.2 billion — up 1.8 percent year-over-year.

The Norfolk, Virginia-based railroad was formed in 1982 with the creation of the Norfolk Southern Corporation, which brought together Norfolk & Western Railway and Southern Railway, but has predecessors dating as far back as 1827.

Norfolk Southern Railway recorded revenue of $3.04 billion in the second quarter of 2014, up 8.5 percent from year-earlier revenue of $2.8 billion. 2014 half-year revenue was $5.73 billion, up 3.4 percent from the previous year.

Webcasts

Midyear Trucking Report: Is a Rally or Retreat Ahead?
Aug 25, 2016 2:00PM EDT
Weak coal and intermodal demand combined with a restructuring effort to bring down second-quarter profit and revenue at Norfolk Southern Railway.
27 Jul 2016
Norfolk Southern railway’s results paint the near-final brushstrokes on the grim landscape that Class I railroads faced in the second quarter.
16 Dec 2015
A proxy war has been all but declared, analysts say, after Canadian Pacific Railway announced Wednesday it had upped its hostile bid for Norfolk Southern Railway by some $3.4 billion.
15 Dec 2015
With expectations that Canadian Pacific Railway is about to launch a proxy fight for control of Norfolk Southern Railway, the Calgary-based railroad’s recent response to an NS white paper is the latest attempt to convince investors to give the deal yet another look at its pitch.
12 Dec 2015
BNSF Railway is flirting with the idea of a potential CSX Transportation or Norfolk Southern Railway acquisition as Canadian Pacific aims to acquire the latter railroad, potentially setting off a wave of consolidation in the Class I industry.
08 Dec 2015
Norfolk Southern Railway’s second rejection of a takeover bid from Canadian Pacific has ignited talk of a potential hostile takeover — something the Class I railroad industry has never seen and is unlikely to occur, according to an intermodal analyst.
04 Dec 2015
Norfolk Southern Railway has rejected an unsolicited takeover bid from Canadian Pacific Railway after the NS board said the $28 billion takeover bid undervalued the company’s stock and the potential regulatory hurdles would threaten business operations.
19 Nov 2015
Canadian Pacific Railway CEO Hunter Harrison said he’s willing to reevaluate and raise his company’s $28 billion takeover bid for Norfolk Southern Railway — if only executives at the Virginia-based railroad would open a line of communication.
19 Nov 2015
The top U.S. rail regulatory agency on Wednesday gave guidance on when it expect to wrap up the issue of reciprocal switching, and provided a glimpse into the arduous regulatory process facing the potential merger of the Norfolk Southern and Canadian Pacific railways, according to attendees at an industry event.
17 Nov 2015
Tuesday’s proposed merger of Canadian Pacific and Norfolk Southern railways raises the question of whether the Class I railroad industry will be swept up in the wave of consolidation hitting the third-party logistics, parcel, and perhaps, even, the container shipping industries.
09 Nov 2015
Canadian Pacific Railway is reportedly gearing up to make a play for Norfolk Southern Railway in a new effort to consolidate the North American rail industry just 13 months after a similar bid for NS archrival, CSX Transportation, fell flat.
28 Oct 2015
A one-two punch of falling intermodal volume and weakness in the coal market hit Norfolk Southern Railway hard in the third quarter, prompting railroad executives to downplay expectations for the rest of the year.
12 Oct 2015
There isn’t much to Rossville, Tennessee, in the far eastern reaches of metropolitan Memphis: rolling farmland, stretches of highway and a Norfolk Southern Railway terminal.