Norfolk Southern Corporation, together with its subsidiaries, is engaged in the rail transportation of raw materials, intermediate products, and finished goods. The company owns a major freight railroad, Norfolk Southern Railway Company. The company is primarily engaged in the rail transportation of raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers, to and from the rest of the United States. It also transports overseas freight through Atlantic and Gulf Coast ports. Railroad Operations As of December 31, 2013, the company’s railroads operated approximately 20,000 miles of road in 22 states and the District of Columbia. Its system reaches various individual industries, electric generating facilities, mines (in western Virginia, eastern Kentucky, southern and northern West Virginia, western Pennsylvania, southern Illinois and Indiana), distribution centers, transload facilities, and other businesses located in its service area. The company’s subsidiary, Triple Crown Services Company (Triple Crown), provides bimodal truckload transportation service utilizing RoadRailer trailers, a hybrid technology that facilitates both over-the-road and on-the-rail transportation utilizing enclosed trailers that are pulled through the highways in tractor-trailer configuration and through the rails by locomotives. In addition, Triple Crown utilizes conventional trailers that are also moved on rail flatcars. Triple Crown provides service in the eastern United States, as well as Ontario and Quebec through a network of terminals located in 13 cities. The company handled 150.1 million tons, or 1.3 million carloads, in 2013, most of which originated on its lines from major eastern coal basins, with the balance from major western coal basins received via the Memphis and Chicago gateways. Its coal franchise supports the electric generation market, serving approximately 100 coal generation plants, as well as the export, metallurgical and industrial markets, primarily through direct rail and river, lake, and coastal facilities, including various terminals on the Ohio River, Lambert’s Point in Norfolk, Virginia, the Port of Baltimore, and Lake Erie. The company’s principal interchange points for received freight included Chicago, New Orleans, East St. Louis, Memphis, Detroit, Kansas City, Buffalo, Toledo, and Meridian. General merchandise carloads handled in 2013 were 2.4 million. Intermodal The company’s intermodal market group consists of shipments moving in trailers, domestic and international containers, and RoadRailer equipment. These shipments are handled on behalf of intermodal marketing companies, international steamship lines, truckers, and other shippers. Intermodal units handled in 2013 were 3.6 million. Passenger Operations The company operates regularly scheduled passenger trains on its lines between the following locations: Alexandria and Lynchburg, Virginia; Alexandria, Virginia and New Orleans, Louisiana; Alexandria and Orange, Virginia; Petersburg and Norfolk, Virginia; Raleigh and Charlotte, North Carolina; Selma and Charlotte, North Carolina; Chicago, Illinois, and Porter, Indiana; Chicago, Illinois, and Cleveland, Ohio; Chicago, Illinois, and Pittsburgh, Pennsylvania; Kalamazoo and Battle Creek, Michigan; Kalamazoo and Detroit, Michigan; and Pittsburgh and Harrisburg, Pennsylvania. The company leases the Chicago to Manhattan, Illinois, line to the Commuter Rail Division of the Regional Transportation Authority of Northeast Illinois (METRA). It operates freight service over lines with significant ongoing commuter passenger operations, and conducts freight operations over trackage owned or leased by: Amtrak, New Jersey Transit, Southeastern Pennsylvania Transportation Authority, Metro-North Commuter Railroad Company, and Maryland Department of Transportation. Noncarrier Operations The company’s noncarrier subsidiaries engage principally in the acquisition, leasing, and management of coal, oil, gas and minerals; the development of commercial real estate; telecommunications; and the leasing or sale of rail property and equipment. Track Maintenance: Of the 36,119 total miles of track operated, the company is responsible for maintaining 28,957 miles, with the remainder being operated under trackage rights from other parties responsible for maintenance. Government Regulation The company’s railroads are subject to regulation by the Surface Transportation Board. Competition The company’s primary rail competitor is CSX Corporation. History Norfolk Southern Corporation was founded in 1883. The company was incorporated in 1980, under the laws of the Commonwealth of Virginia.
norfolk southern corp (NFS:Frankfurt)
Three Commercial Place
Norfolk, VA 23510
|Canadian National Railway Co||C$80.54 CAD||-0.20|
|Canadian Pacific Railway Ltd||C$240.18 CAD||+0.27|
|CH Robinson Worldwide Inc||$70.65 USD||+0.03|
|CSX Corp||$37.12 USD||+0.23|
|Hertz Global Holdings Inc||$21.19 USD||-0.36|
|View Industry Companies|
Sponsored Financial Commentaries
To contact NORFOLK SOUTHERN CORP, please visit www.nscorp.com. Company data is provided by Capital IQ. Please use this form to report any data issues.