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What is 'Pawn Your Diamond'?
'Pawn Your Diamond' offers the community information
about the Fortune 500 companies.
Why the name?
The aim behind our name is to give young
entrepreneurs the incentive to start from scratch with
the hope that this small money they got from pawning a
diamond they had aside, grows and flourishes into a
multi billion dollar corporation.
Too dreamy?
Simply NOT. Such famous corporations did not exist
forever. Each and every foundation did start somewhere
and usually had one or a few founding members. So grab
the general concept and work hard!
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Fortune 500 - Spot Number 286
Company Information
Name: Norfolk Southern Corporation
Industry: Railroads
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.
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.
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.
Misc Details
Symbol: NSC
City: Norfolk
State: VA
ZIP Code: 23510
Address: Three Commercial Place
Phone: 757-629-2600
Fax: N/A
Website: http://www.nscorp.com
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