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Norfolk Southern Railway
Norfolk Southern Railway

-7.47%

Transportation / Rail transportation and logistics

At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview

Norfolk Southern Railway (NS) is a major Class I railroad in the United States, operating in 22 states in the eastern United States. The company was formed in 1982 through the merger of the Southern Railway and Norfolk & Western Railway.
Headquartered in Norfolk, Virginia, NS is one of the largest railroads in North America, with a network spanning over 21,500 miles. The company primarily transports coal, intermodal traffic (containerized and trailers), and automotive shipments, but also handles general merchandise and agricultural products. NS has a fleet of over 3,500 locomotives and 86,000 freight cars.
NS is known for its innovative use of technology, including the use of drones for railroad inspections and the use of optical character recognition technology for tracking shipments.
The company has over 26,000 employees and is committed to sustainable operations and community involvement. It has been recognized for its environmental stewardship and its support for charities and community organizations.
NS also has a partnership with Canadian Pacific Railway to operate a joint intermodal service between the Northeastern United States and Western Canada.
In addition to its freight operations, NS also operates a number of passenger rail services, including the Amtrak Auto Train and the Virginia Railway Express.
NS is a publicly traded company on the New York Stock Exchange, with the ticker symbol NSC. Its current CEO is James Squires.

What is special about the company?

1. History: The Norfolk Southern Railway (NS) has a long and rich history, dating back to 1827 when it was known as the South Carolina Canal and Rail Road Company. It has since evolved and grown to become one of the largest and most successful railway companies in the United States.
2. Extensive Network: NS operates over 19,500 miles of track in 22 states, serving major markets and connecting with other railroads, ports, and transit systems. This extensive network enables NS to offer efficient and cost-effective transportation solutions to its customers.
3. Freight Services: NS primarily focuses on freight transportation, moving various types of commodities including coal, agriculture products, chemicals, and automotive products. Its freight services are vital to the economy, as it enables the movement of goods across the country.
4. Technology and Innovation: NS prides itself on being an industry leader in technology and innovation. It has made significant investments in advanced systems and tools to enhance safety, efficiency, and customer service.
5. Sustainability: NS is committed to sustainability and reducing its environmental footprint. It has implemented several sustainability initiatives, including investing in alternative fuel locomotives, reducing emissions, and promoting sustainable sourcing practices.
6. Safety: Safety is a top priority for NS, and it has a strong safety record, consistently ranking among the top railroads in the industry. It has also implemented various safety programs and training for its employees to ensure the safe operation of its trains.
7. Community Involvement: NS is actively involved in the communities it serves, through charitable donations, volunteer work, and partnerships with local organizations. It also supports education and workforce development initiatives to help build a more skilled and diverse workforce.
8. Diversity and Inclusion: NS is committed to diversity and inclusion, with a workforce that reflects the communities it serves. It has various programs and initiatives to promote diversity and provide equal opportunities to its employees.
9. Financial Performance: NS has a strong financial performance, with consistent revenue growth and profitability. It has a solid credit rating and is recognized as a financially stable and reliable company by investors.
10. Awards and Recognition: Norfolk Southern has received numerous awards and recognition for its excellence in various areas, including safety, customer service, and sustainability. This is a testament to its commitment to providing top-notch services and being a leader in the industry.

What the company's business model?

The Norfolk Southern Railway is a Class 1 railroad company operating in the eastern United States and Canada. Its business model can be summarized as follows:
1. Transportation of freight: Norfolk Southern's primary business is rail transportation of various types of freight, including coal, intermodal (containers and trailers), automotive, metals, agricultural products, and chemicals.
2. Network and infrastructure management: The company owns and operates a vast network of rail lines, terminals, and intermodal facilities, as well as maintaining its locomotives and rolling stock. This allows Norfolk Southern to provide efficient and reliable transportation services to its customers.
3. Strategic partnerships: Norfolk Southern has established strategic partnerships with other transportation companies, such as trucking and logistics companies, to offer customers a complete transportation solution.
4. Technology and innovation: The company places a strong emphasis on technology and innovation to improve the efficiency and safety of its operations. This includes using digital train control systems, advanced locomotives, and data analysis to optimize operations.
5. Focus on sustainability: Norfolk Southern is committed to sustainable business practices, including reducing greenhouse gas emissions, increasing energy efficiency, and promoting recycling and waste reduction.
6. Customer service: Norfolk Southern has a strong focus on customer service and works closely with its clients to understand their transportation needs and provide tailored solutions to meet those needs.
7. Continuous improvement: The company is constantly seeking ways to improve its operations, whether through new technology, process improvements, or strategic investments, to maintain its competitive edge in the railroad industry.

Interesting facts about the company

1. The Norfolk Southern Railway (NS) was founded in 1982 through the merger of two major railroad companies, the Norfolk and Western Railway and the Southern Railway.
2. Before the merger, the Norfolk and Western Railway was known for its extensive coal transportation network, while the Southern Railway was known for its passenger and freight services in the southeastern United States.
3. The Norfolk and Western Railway was originally built to transport coal from West Virginia to the port of Hampton Roads in Virginia.
4. The Norfolk Southern Railway currently operates over 19,500 miles of track in 22 states, making it one of the largest railroad systems in the United States.
5. The company’s headquarters are located in Norfolk, Virginia.
6. Norfolk Southern is a major transporter of coal, automotive products, and industrial goods.
7. Norfolk Southern has a fleet of over 3,500 locomotives and over 79,000 railcars.
8. The company has a workforce of over 24,000 employees.
9. Norfolk Southern’s intermodal service provides efficient transportation options for shipping containers and trailers.
10. The company is dedicated to being environmentally responsible and has implemented various initiatives to reduce emissions and conserve natural resources.
11. Norfolk Southern is a leader in implementing technology for safer and more efficient train operations, including the use of Positive Train Control (PTC) systems.
12. The company has a strong commitment to the communities it serves and has programs in place for charitable giving, community partnerships, and volunteerism.
13. Norfolk Southern has been recognized for its corporate responsibility practices, sustainability efforts, and workplace diversity and inclusion.
14. The company has a partnership with the City of Roanoke, Virginia, to preserve and revitalize the historic Roanoke passenger station, which serves as an important transportation hub and community gathering space.
15. In 2019, Norfolk Southern was ranked as the top railroad company in the United States by Fortune 500, and named one of the World’s Most Admired Companies by Fortune magazine.
16. Norfolk Southern is a major contributor to the economy, supporting over 500,000 jobs and generating over $175 billion in economic activity each year.
17. The company has a strong safety record, with a goal of Zero Injuries and Zero Incidents.
18. Norfolk Southern is committed to fostering a diverse and inclusive workplace and has won numerous awards for its diversity and inclusion efforts.
19. In addition to its rail operations, Norfolk Southern also has a subsidiary company, Thoroughbred Direct Intermodal Services, which provides trucking and logistics services.
20. Norfolk Southern has been involved in various historical events, including helping with transportation during World War II and being the first railroad to adopt radio communication.

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