Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, scrap paper, beverages, canned goods, and consumer products; chemicals consist of sulfur and related chemicals, petroleum products, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, and sand; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal. It also transports overseas freight through various Atlantic and Gulf Coast ports; and provides commuter rail passenger transportation services and operates an intermodal network. As of December 31, 2021, the company operated approximately 19,300 route miles in 22 states and the District of Columbia. Norfolk Southern Corporation was incorporated in 1980 and is based in Atlanta, Georgia.

Norfolk Southern Corporation

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Gross Profit

Adjusted Net Income

Net Revenue

Net Income

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Agriculture, Forest and Consumer Product Units

Agriculture, Forest and Consumer Product Units % Chg.

Chemical Units

Chemical Units % Chg.

Metals and Construction Units

Metals and Construction Units % Chg.

Automotive Units

Automotive Units % Chg.

Total Merchandise Units

Total Merchandise Units % Chg.

Intermodal Units

Intermodal Units % Chg.

Coal Units

Coal Units % Chg.

Total Units

Total Units % Chg.

Agriculture, Forest and Consumer Product Revenue Per Unit

Agriculture, Forest and Consumer Product Revenue Per Unit % Chg.

Chemical Revenue Per Unit

Chemical Revenue Per Unit % Chg.

Metals and Construction Revenue Per Unit

Metals and Construction Revenue Per Unit % Chg.

Automotive Revenue Per Unit

Automotive Revenue Per Unit % Chg.

Total Merchandise Revenue Per Unit

Total Merchandise Revenue Per Unit % Chg.

Intermodal Revenue Per Unit

Intermodal Revenue Per Unit % Chg.

Coal Revenue Per Unit

Coal Revenue Per Unit % Chg.

Total Revenue Per Unit

Total Revenue Per Unit % Chg.

Merchandise Revenue Ton Miles

Merchandise Revenue Ton Miles % Chg.

Intermodal Revenue Ton Miles

Intermodal Revenue Ton Miles % Chg.

Coal Revenue Ton Miles

Coal Revenue Ton Miles % Chg.

Total Revenue Ton Miles

Total Revenue Ton Miles % Chg.

Gross Ton Miles (GTM)

Gross Ton Miles (GTM) % Chg.

Key Performance Indicators

Agriculture, Forest and Consumer Product Revenue

Agriculture, Forest and Consumer Product Revenue % Chg.

Agriculture, Forest and Consumer Product Revenue Common Size

Chemical Revenue

Chemical Revenue % Chg.

Chemical Revenue Common Size

Metals and Construction Revenue

Metals and Construction Revenue % Chg.

Metals and Construction Revenue Common Size

Automotive Revenue

Automotive Revenue % Chg.

Automotive Revenue Common Size

Total Merchandise Revenue

Total Merchandise Revenue % Chg.

Total Merchandise Revenue Common Size

Intermodal Revenue

Intermodal Revenue % Chg.

Intermodal Revenue Common Size

Coal Revenue

Coal Revenue % Chg.

Coal Revenue Common Size

Total Revenue

Total Revenue Common Size

Total Revenue % Chg.

Revenue	LTM	Dec '24	Dec '23
Agriculture, Forest and Consumer Product Revenue	2,557	2,521	2,530
Chemical Revenue	2,171	2,123	2,054
Metals and Construction Revenue	1,712	1,682	1,634
Automotive Revenue	1,206	1,144	1,135
Total Merchandise Revenue	7,646	7,470	7,353
Intermodal Revenue	3,054	3,042	3,090
Coal Revenue	1,530	1,611	1,713
Total Revenue	12,230	12,123	12,156

Key Performance Indicators	LTM	Dec '24	Dec '23
Agriculture, Forest and Consumer Product Units	0.7	0.7	0.7
Chemical Units	0.5	0.5	0.5
Metals and Construction Units	0.6	0.6	0.6
Automotive Units	0.4	0.4	0.4
Total Merchandise Units	2.3	2.3	2.2
Intermodal Units	4.1	4.1	3.8
Coal Units	0.7	0.7	0.7
Total Units	7.1	7.1	6.7
Agriculture, Forest and Consumer Product Revenue Per Unit	—	3,399	3,445
Chemical Revenue Per Unit	—	4,096	3,989
Metals and Construction Revenue Per Unit	—	2,621	2,577
Automotive Revenue Per Unit	—	3,155	3,140
Total Merchandise Revenue Per Unit	—	3,299	3,275
Intermodal Revenue Per Unit	—	740	808
Coal Revenue Per Unit	—	2,352	2,530
Total Revenue Per Unit	—	1,718	1,802
Merchandise Revenue Ton Miles	111,400	106,200	107,100
Intermodal Revenue Ton Miles	41,300	40,900	39,000
Coal Revenue Ton Miles	30,900	30,900	28,800
Total Revenue Ton Miles	183,600	178,000	174,900
Gross Ton Miles (GTM)	354,800	346,600	341,200