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Home > Fortune 500 Companies > Norfolk Southern
Norfolk Southern
Norfolk Southern was established in 1883 and is headquartered in Norfolk, Virginia. As of February 13, 2006, it operated approximately 21,300 route miles in 22 states and the District of Columbia, as well as in Ontario, Canada.
Norfolk Southern Corp. is a publicly traded company having a good stock performance result and is. is a fortune 500 stock listed company trading under NSC. Norfolk Southern Corporation, through its subsidiaries, employs in the rail transportation business in the United States and parts of Canada.
The company transports intermediate products, raw materials and finished goods, as well as overseas freight through different Atlantic and Gulf Coast ports. Its general merchandise traffic consists of automotive products like chemical products and chemical and municipal wastes, metals and construction materials and minerals, agriculture and consumer products, and items for the military, paper, clay, and forest products. Norfolk Southern’s coal traffic includes coke, coal and iron ore.
The company’s intermodal traffic consists of shipments moving in trailers, domestic and international containers, and roadrailer equipment. It handles these shipments on behalf of intermodal marketing companies, truckers, international steamship lines and other shippers. Norfolk Southern also functions and leases regularly scheduled passenger trains, leases, acquires, and manages coal, gas, oil and minerals, leases or sells rail property and equipment and develops commercial real estate and telecommunications.
Intermodal revenues set a first-quarter record of 408 million dollars, up 24 percent, compared with first-quarter 2004. This was the fifth successive quarter during which intermodal showed double-digit revenue growth. The export and utility coal markets benefited from increased traffic volumes. Export traffic mount 19 percent in the first quarter compared with the same period of 2004. Coal revenues improved 17 percent to 467 million dollars in the first quarter compared with the same quarter last year.
First-quarter railway operating expenses were 1.6 billion dollars, up 16 percent over the same period in 2004. This principally was due to costs associated with increased traffic volume, higher diesel fuel prices and expenses related to the Graniteville derailment. For the quarter, the railroad operating ratio improved to 79.4 even including expenses for Graniteville, which added 1.7 points compared with 79.6 a year earlier.
Norfolk Southern's task is to improve the value of their stockholders' investment over time by providing quality freight transportation services and undertaking any other related businesses in which their resources, particularly their people, give the company an advantage.
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