|Exchange:||New York Stock Exchange|
|Stock:||Norfolk Southern Corporation|
|Norfolk Southern Corporation was incorporated on July 23, 1980, under the laws of the Commonwealth of Virginia. The Company controls a major freight railroad, Norfolk Southern Railway Company. It is mainly 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. The Company provides comprehensive logistics services and offers the most extensive intermodal network in the eastern half of the United States. In rail road operations, the system's lines reach many individual industries, electric generating facilities, mines in western Virginia, eastern Kentucky, southern and northern West Virginia and western Pennsylvania, distribution centers, transload facilities and other business located in smaller communities in its service area. Triple Crown Services Company, the Company’s subsidiary, 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 over the highways in tractor-trailer configuration and over the rails by locomotives. Triple Crown provides service in the eastern two-thirds of the United States as well as Ontario and Quebec through a network of terminals strategically located in 13 cities. 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. There is continuing strong competition among rail, water, and highway carriers. The Company’s main rail competitor is the CSX system; both operate throughout much of the same territory. Other railroads also operate in parts of the territory. The Company also competes with motor carriers, water carriers, and with shippers who have the additional option of handling their own goods in private carriage, of sourcing products from different geographic areas, and of using substitute products. In addition to environmental, safety, securities, and other regulations generally applicable to all businesses, the Company's railroads are subject to regulation by the STB.|
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