NYSE · Railroads, Line-Haul Operating
holding company formed in 1982 for Norfolk and Western Railway and Southern Railway
50 entities across 9 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-09 — see the exhibit.
Which other public companies file entities in the same places:
| Entity | Jurisdiction | Note |
|---|---|---|
| General American Insurance Company | Georgia | |
| Norfolk Southern Properties, Inc. | Virginia | |
| Norfolk Southern Railway Company | Virginia | |
| NS Fiber Optics, Inc. | Virginia | |
| T-Cubed of North America, LLC | Delaware | |
| Thoroughbred Technology and Telecommunications, LLC | Virginia | |
| Airforce Pipeline, Inc. | North Carolina | |
| Alabama Great Southern LLC | Virginia | |
| Alabama Great Southern Railroad Company, The | Alabama | |
| Camp Lejeune Railroad Company | North Carolina | |
| Central of Georgia Railroad Company | Georgia | |
| Chesapeake Western Railway | Virginia | |
| Cincinnati, New Orleans and Texas Pacific Railway LLC, The | Ohio | |
| Citico Realty Company | Virginia | |
| CNOTP LLC | Ohio | |
| Georgia Southern and Florida Railway Company | Georgia | |
| GSFR LLC | Georgia | |
| High Point, Randleman, Asheboro and Southern Railroad Company | North Carolina | |
| HPRASR LLC | North Carolina | |
| Interstate Railroad Company | Virginia | |
| Lamberts Point Barge Company, Inc. | Virginia | |
| Mobile and Birmingham Railroad Company | Alabama | |
| Norfolk and Portsmouth Belt Line Railroad Company | Virginia | |
| Norfolk Southern - Mexico, LLC | Virginia | |
| NorfolkSouthernMexicana, S. de R.L. de C.V. | Mexico | |
| North Carolina Midland Railroad Company, The | North Carolina | |
| NS Spectrum Corporation | Virginia | |
| Rail Investment Company | Delaware | |
| Reading Company, LLC [Virginia] | Virginia | |
| RIC LLC | Delaware | |
| South Western Rail Road Company, The | Georgia | |
| Southern Rail Terminals, Inc. | Georgia | |
| Southern Rail Terminals of North Carolina, Inc. | North Carolina | |
| Southern Region Materials Supply, Inc. | Georgia | |
| State University Railroad Company | North Carolina | |
| Thoroughbred Emissions Research, LLC | Virginia | |
| Thoroughbred Funding, Inc. | Virginia | |
| Triple Crown Services, Inc | Virginia | |
| Virginia and Southwestern Railway Company | Virginia | |
| Wheelersburg Terminal LLC | Virginia | |
| Yadkin Railroad Company | North Carolina | |
| Yadkin Railroad Investment LLC | North Carolina | |
| Alexandria-Southern Properties, Inc. | Virginia | |
| Arrowood-Southern Company | North Carolina | |
| Nickel Plate Improvement Company, Inc., The | Indiana | |
| NS Transportation Brokerage Corporation | Virginia | |
| Sandusky Dock Corporation | Virginia | |
| Southern Region Industrial Realty, Inc. | Georgia | |
| Virginia Holding Corporation | Virginia | |
| Westlake Land Management, Inc. | Florida |
Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.
Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.
| Year | Revenue | Net income | Free cash flow | Gross margin | Shares |
|---|---|---|---|---|---|
| FY2020 | $9.8B | $2.0B | $2.1B | — | 256,600,000 |
| FY2021 | $11.1B | $3.0B | $2.8B | — | 248,100,000 |
| FY2022 | $12.7B | $3.3B | $2.3B | — | 235,600,000 |
| FY2023 | $12.2B | $1.8B | $830.0M | — | 227,400,000 |
| FY2024 | $12.1B | $2.6B | $1.7B | — | 226,400,000 |
| FY2025 | $12.2B | $2.9B | $2.2B | — | 225,300,000 |
1 institutions tracked — 1 added, 0 reduced.
| Manager | Kind | Shares | Change | Value |
|---|---|---|---|---|
| GEODE CAPITAL MANAGEMENT, LLC | Index | 5,114,278 | +38,090 | $1.6B |
From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.
What the company actually paid out and bought back, as reported — the record behind any yield figure.
Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.
NORFOLK SOUTHERN CORP files under SIC 4011 — all 3 railroads, line-haul operating companies compared on assets and F-score.
The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.
Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.
