Norfolk Southern Corporation, incorporated on Jul 23, 1980, under the laws of the Commonwealth of Virginia, controls a major freight railroad, Norfolk Southern Railway Company. The company is primarily engaged in the rail transportation of raw material, intermediate products and finished goods, primarily in Southeast, East and Midwest United States and, via interchange with rail carriers to and from the rest of country.
Norfolk Southern also transports overseas freight through several Atlantic and Gulf Coast ports. Norfolk Southern provides comprehensive logistics services and offers the most extensive intermodal network on the eastern side of the United States.
The company’s fiscal year coincides with the calendar year. At 2020-end, the company was responsible for operating approximately 19,300 route miles in 22 states and the District of Columbia.
The company, currently based in Norfolk, VA, announced in December 2018, that it will shift headquarters to Atlanta. In 2019, launched the construction of its building in Atlanta.
Norfolk Southern derives freight revenues from transporting coal, general merchandise and intermodal (truck, rail and ship) containers:
Coal business includes transportation of utility coal, export coal and domestic metallurgical coal from mines to electricity generating plants. The sector accounted for 10.7% of 2020 revenues.
General Merchandise business includes transportation of automotive, chemicals, metals and construction, agriculture, consumer products, and paper, clay and forest products (lumber and wood). Chemicals include sulfur and related chemicals, petroleum products. Agriculture, consumer products, and government includes soybeans, wheat, corn, fertilizer, livestock. Metals and construction includes steel, aluminum products, machinery, scrap metals, cement, aggregates, sand, and minerals. The sector accounted for 62.2% of the 2020 revenues recorded by the company.
The Intermodal segment is responsible for haulage of international container cargo from steamship companies and truckload carriers. The sector accounted for 27.1% of the 2020 revenues recorded by the company.