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Nov 1, 2022 · On August 22, 1998, Norfolk Southern, along with CSX Transportation, purchased and divided the assets of the 10,797-mile Consolidated Rail Corporation, better known as Conrail, giving NS its long sought-after gateway to the lucrative consumer markets of the northeast United States. See Norfolk Southern’s predecessor railroads, or family tree!
Jun 2, 2006 · Norfolk Southern Corp. was created as a new holding company to acquire Norfolk & Western Railway and Southern Railway, effected June 1, 1982. Full merger effected Dec. 31, 1990, as N&W became a subsidiary of Southern, and Southern changed its name to Norfolk Southern Railway.
On October 12, 1758, Norfolk was incorporated, and the business of civic life began in earnest. In one of the first actions the town took following its incorporation, villagers voted to build a meeting house and hire a preacher.
Robert Claytor, who had been president of NW, became the first chairman of Norfolk Southern Corporation. Huge a ssets and conservative investments kept NS sound in 1982, when the st eel and coal businesses slowed, but NW's revenues dipped as a result.
It started as a ten-mile line, City Point Railroad, which served two small Virginia towns beginning in 1838. William Mahone orchestrated the company's first mergers. He was elected president of a successor, the Norfolk and Petersburg Railroad (N&P) in 1860.
The Norfolk & Western Railway was established through a reorganization of the bankrupt Norfolk and Western Railroad in 1896, the latter company itself having arisen from the Atlantic, Mississippi & Ohio Railroad, a successor to the Norfolk and Petersburg Railroad.
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