Norfolk Southern Corporation

Stock Symbol: NSC

Norfolk Southern Corporation Description:
Norfolk Southern Corporation is one of the nation's premier transportation companies. Its Norfolk Southern Railway subsidiary operates 21,500 route miles in 22 states, the District of Columbia and Ontario, serving every major container port in the eastern United States and providing superior connections to western rail carriers. NS operates the East's most extensive intermodal network and is the nation's largest rail carrier of automotive parts and finished vehicles.

Norfolk Southern Corporation Financial Summary:
Norfolk Southern Corp. is a holding company engaged principally in the transportation of freight by rail, primarily in the Southeast and Midwest. For the 6 months ended 6/30/05, revenues increased 17% to $4.12B. Net income increased 67% to $618M. Revenues reflect increase in general merchandise, coal & intermodal sales. Earnings also reflect lower conrail rents and services costs, and a lower effective income tax rate.

Norfolk Southern Corporation Business Summary:
Norfolk Southern Corporation (NS) is a holding company engaged in the railroad transportation business. The Company's major subsidiary is the Norfolk Southern Railway Company (NSR). As of December 31, 2004, NS' railroads operated approximately 21,300 miles of road. NS' railroads carry raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest, and via interchange with other rail carriers, to and from the rest of the United States and parts of Canada. They also transport overseas freight through several Atlantic and Gulf Coast ports. Through a limited liability Company, NS and CSX Corporation (CSX) jointly own Conrail Inc. (Conrail), whose primary subsidiary is Consolidated Rail Corporation (CRC). CRC owns and operates certain properties (the Shared Assets Areas) for the joint and exclusive benefit of NSR and CSX Transportation Inc. (CSXT). On August 27, 2004, NS, CSX and Conrail completed a reorganization of Conrail.

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