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Norfolk Southern Corporation



Norfolk Southern is a holding company engaged in the railroad transportation business. The Company's major subsidiary is the Norfolk Southern Railway Company. As of December 31, 2004, the company’s 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 move 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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