SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
of the Securities Act of 1934
Date of Report (Date of earliest event reported):
January 20, 1999 (January 20, 1999)
NORFOLK SOUTHERN CORPORATION
(exact name of registrant as specified in its charter)
Virginia 1-8339 52-1188014
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
Three Commercial Place, Norfolk, Virginia 23510-9241
(Address of principal executive offices)
Registrant's telephone number, including area code (757) 629-2680
No Change
(Former name or former address, if changed since last report.)
<PAGE>
Item 5. Other Events.
On January 20, 1999, Norfolk Southern Corporation and CSX
Corporation announced that they have agreed on June 1, 1999 as
the Closing Date for the Conrail transaction, as more
particularly detailed in the attached joint press release.
Item 7.(c) Exhibits
99 Copy of the Registrant's and CSX Corporation's
joint press release dated January 20, 1999.
Signatures
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
NORFOLK SOUTHERN CORPORATION
(Registrant)
By:/s/ Dezora M. Martin
Dezora M. Martin
Corporate Secretary
Date: January 20, 1999
<PAGE>
EXHIBIT INDEX
Exhibit
Number
System Description
99 Copy of the Registrant's and CSX
Corporation's joint press release dated
January 20, 1999.
FOR IMMEDIATE RELEASE
JANUARY 20, 1999
Contacts: Robert Fort
Norfolk Southern Corporation
(757) 629-2710
Elisabeth Gabrynowicz
CSX Corporation
(804) 782-1449
NORFOLK SOUTHERN AND CSX ANNOUNCE
READINESS FOR JUNE 1 CONRAIL TRANSACTION CLOSING DATE
NORFOLK and RICHMOND, VA -- Norfolk Southern Corporation (NYSE:
NSC) and CSX Corporation (NYSE: CSX) jointly announced today
that they will close the Conrail transaction on June 1, 1999,
and begin operating their respective portions of Conrail's
routes and assets.
With the necessary customer service planning, capital
improvement projects, employee training and labor implementing
agreements now largely complete, and with computer systems
integration testing under way, the June 1 date provides ample
time for ensuring that post-Closing operations are seamless for
rail customers and safe for employees and the communities that
the railroads serve.
"Our heightened readiness will give customers,
stockholders, employees and communities a high degree of
confidence that our expanded system will meet their expectations
for safe, reliable rail service," said David R. Goode, Norfolk
Southern chairman, president and chief executive officer. "We
will avoid problems of the kind that could cause inconvenience
to the public and thereby compromise expected operating and
financial synergies. We want to get things right - from the
start."
<PAGE>
- 2 -
John W. Snow, CSX chairman and chief executive officer,
said, "We have been consistent in our definition of a successful
integration, and we have gone to extraordinary lengths over the
past 15 months to assure success. Any other approach would have
been shortsighted. We are now within a few months of beginning
the new era of railroading in the East, and we look forward to
the high prospects it brings our customers, shareholders,
employees and the public."
After Closing, Norfolk Southern will operate about 7,200
miles of Conrail routes, creating a 21,600-mile rail system
serving 22 states in the East, as well as in the District of
Columbia and the Province of Ontario, Canada. CSX will operate
approximately 4,000 miles of Conrail routes, resulting in a
22,300-mile rail system serving 23 states east of the
Mississippi, the District of Columbia and Montreal and Ontario,
Canada.
Norfolk Southern Corporation, a Virginia-based holding
company with headquarters in Norfolk, owns a major freight
railroad, Norfolk Southern Railway, which will operate its
portion of the Conrail properties.
CSX Corporation, based in Richmond, Va., is an
international transportation company providing rail, intermodal,
container-shipping and contract logistics services worldwide.
# # #
NS World Wide Web Site: www.nscorp.com
CSX World Wide Web Site: www.csx.com
