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.

Investor	Date	% Owned	Market Value	Shares	Chg. Shares	Chg. Shares %	% Portfolio
The Vanguard Group, Inc.	2025-09-30	9.15972%	$6.17B	20.6M	-8.1K	-0.0%	0.1%
BlackRock, Inc.	2025-09-30	6.6542%	$4.49B	14.9M	281.7K	1.9%	0.1%
Dodge & Cox	2025-09-30	4.84621%	$3.27B	10.9M	15.1K	0.1%	0.9%
State Street Global Advisors, Inc.	2025-09-30	4.15833%	$2.80B	9.3M	-51.3K	-0.6%	0.1%
Dodge & Cox Funds - Dodge & Cox Stock Fund	2025-09-30	3.17559%	$2.14B	7.1M	—	—	1.7%
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SPDR S&P 500 ETF
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JPMorgan Trust II - JPMorgan Equity Income Fund
Norges Bank Investment Management
Government Pension Fund Global

Norfolk Southern Corporation

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