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):
March 31, 2000 (March 1, 2000)
NORFOLK SOUTHERN RAILWAY COMPANY
(exact name of registrant as specified in its charter)
1-743
1-3744
1-4793
Virginia 1-546-2 53-6002016
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
Three Commercial Place, Norfolk, Virginia 23510-2191
(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.
The Registrant's parent, Norfolk Southern Corporation
("Corporation"), today advised that it expects to record a $100
million charge in the first quarter to reflect the cost of
certain workforce reductions, as more particularly outlined in
the attached press release.
Item 7.(c) Exhibits
99 Copy of Norfolk Southern Corporation's
press release, issued March 31, 2000.
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 RAILWAY COMPANY
(Registrant)
By: /s/ Dezora M. Martin
Dezora M. Martin
Assistant Corporate Secretary
Date: April 3, 2000
<PAGE>
EXHIBIT INDEX
Exhibit
Number
System Description
99 Copy of Norfolk Southern Corporation's
press release, issued March 31, 2000.
Exhibit 99
April 3, 2000
Norfolk Southern To Record Workforce Reduction Charge
NORFOLK, VA - Norfolk Southern Corporation (NYSE: NSC) said it will
record a one-time workforce reduction charge in first quarter 2000,
currently estimated to be $100 million, equal to approximately 16 cents
per diluted share, to recognize the cost of its voluntary early
retirement program and other adjustments that more nearly match
workforce size to business needs.
Of 1,180 eligible non-union employees, 919 participated in the
early retirement program. Benefits under the program will be paid
principally from the over-funded portion of the Corporation's pension
plan.
Norfolk Southern Corporation, a Virginia-based holding company with
headquarters in Norfolk, owns a major freight railroad, Norfolk
Southern Railway Company, which operates approximately 21,800 miles of
road in 22 states, the District of Columbia and the Province of
Ontario.
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Media Contact: Bob Fort, Norfolk, 757-629-2710
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Norfolk Southern Corporation
http://www.nscorp.com
