Norfolk Southern

Leading railroad company in the Eastern U.S.

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Headquarters: Three Commercial Place
Norfolk, VA 23510
Employees: 30,103
CEO: Charles Moorman
Stock Symbol: NSC

Website: http://www.nscorp.com

Career Site

Norfolk Southern Corporation is one of the nation’s premier transportation companies. Its Norfolk Southern Railway subsidiary operates approximately 20,000 route miles in 22 states and the District of Columbia, serves every major container port in the eastern United States, and provides superior connections to western rail carriers.

Norfolk Southern operates the most extensive intermodal network in the East and is North America’s largest rail carrier of metals and automotive products.

The company's system reaches many individual industries, electric generating facilities, mines (in western Virginia, eastern Kentucky, southern and northern West Virginia, and western Pennsylvania), distribution centers, transload facilities, and other businesses located in its service area.

The company owns or leases 4,074 locomotives and 86,290 freight cars.

Norfolk Southern is North America's largest rail carrier of automotive parts and finished vehicles.

In 2015, the company reported revenues of $10.5 billion, down 10% from the previous year, and net income of $1.6 billion. Traffic volume was down 3% driven by a sharp decline in coal.

"We are implementing a plan to reduce costs and enhance profitable growth," said James A. Squires, Norfolk Southern's chairman, president and CEO. "This plan will enable us to achieve significant annual expense savings beginning in 2016 without compromising the company's ability to capitalize on volume and revenue growth opportunities. We are making progress despite a challenging operating environment, including successfully restoring our rail service to previous high levels, realigning resources, and completing strategic capacity investments to improve efficiency and productivity."

The company plans to reduce its workforce by 2,000 by 2020. It also plans to consolidate operating regions from three to two.

For 2016, Norfolk Southern plans to invest $2.1 billion to maintain the safety of its rail network, enhance service, improve operational efficiency, and support growth opportunities.

History

Norfolk and Western Railway is the product of more than 200 railroad mergers spanning a century and a half. Beginning in 1838 with a nine-mile line from Petersburg, VA, to City Point, VA, NW grew to a system serving 14 states and a province of Canada on more than 7,000 miles of road.

Southern Railway is the product of nearly 150 predecessor lines that were combined, reorganized and recombined since the 1830s. The nine-mile South Carolina Canal & Rail Road Co., Southern's earliest predecessor line, was chartered in December 1827 and ran the nation's first regularly scheduled passenger train - the wood-burning "Best Friend of Charleston" - out of Charleston, SC, on Christmas Day 1830. By 1833, its 136-mile line to Hamburg, SC, was the longest in the world.

In 1976, Conrail is created as the Rail Revitalization and Regulatory Reform (4R) Act is signed into law. Government combines bankrupt Penn Central, Lehigh & Hudson River, Erie Lackawanna, Central Railroad of New Jersey, Lehigh Valley, Reading and the ailing Pennsylvania-Reading Seashore Lines. April 1 is CR's first day of operation. At its formation, CR is nation's largest railroad with 34,000 miles of track in 16 states, 96,000 employees, 4,600 locomotives and 152,000 freight cars.

In 1982, Norfok Western and Southern Railway create Norfolk Southern Corp.

In 1998, Norfolk Southern would acquire Conrail.

Benefits

Medical, Dental and Vision Coverage. We offer comprehensive and affordable medical coverage through a network of physicians, facilities and other providers. Your cost depends on your benefit choices. You choose the plan that best fits your lifestyle.
401(k) Plan with Company Match. Employees have the opportunity to make plans for their financial future. The plan allows eligible employees to save a certain amount of their pay on a pre-tax basis, NS matches employee contribution up to certain limits.
Railroad Retirement. Employees in the railroad industry pay Railroad Retirement Taxes instead of FICA taxes under Social Security. While payroll taxes for Railroad Retirement are slightly higher, the benefits at retirement are significantly greater. In addition to a retirement benefit that is equivalent to Social Security, railroad employees receive an additional benefit which is based on railroad earnings.
Vacation and Holidays. Because everyone needs some time off, employees are eligible for paid vacation days based on years of service and depending on the type of position. In addition, there are typically eleven paid holidays throughout the year.
Education Assistance. Acquiring new skills and furthering your education can make you a more productive and valuable employee. Educational assistance is available for any undergraduate degree or for graduate courses related to your position or a position you could reasonably attain

Updated February 3, 2016