Wolfe Trahan & Co. Global Transportation Conference May 26, - PowerPoint PPT Presentation

Wolfe Trahan & Co. Global Transportation Conference May 26, 2010 Wick Moorman Chairman, President and CEO Norfolk Southern Corporation

First Quarter Highlights 2010 vs. 2009

NS Volume April and Year-to-Date Volume 2010 vs. 2009 April 2010 vs. 2009 Y-T-D 2010 vs. 2009 Units Abs. % Chg. Units Abs. % Chg. Agriculture 48,433 8,485 21% 206,717 36,397 21% MetCon 55,372 18,640 51% 193,649 36,030 23% Paper 26,429 4,525 21% 104,863 8,427 9% Chemicals 31,910 8,833 38% 128,534 25,132 24% Automotive 21,748 1,347 7% 92,157 9,924 12% Merchandise 183,892 41,830 29% 725,920 115,910 19% Intermodal 225,136 38,831 21% 901,689 108,544 14% Coal 128,290 25,950 25% 492,570 9,451 2% Total 537,318 106,611 25% 2,120,179 233,905 12%

Business Outlook  Manufacturing recovery & project growth Chemicals  Build out of ethanol network Agriculture  Truckload conversions Domestic Intermodal  Improving imports/exports International Intermodal Export Coal  Recovery in global steel production Domestic Met Coal Steel Utility Coal  Falling stockpiles and increased electricity generation  Impact of Ford vehicle network redesign Automotive Forest Products  Uncertainty in housing , but improving paper markets

Norfolk Southern Strengths • Operating Efficiency • Service Consistency and Reliability • Safety Performance • Shareholder Returns • Innovative Technology • Corridor Strategy

Patriot Corridor Heartland Corridor Mid America Corridor Crescent Corridor Meridian Speedway Central Florida

Meridian Speedway

Patriot Corridor Meridian Speedway

Patriot Corridor Meridian Speedway Central Florida

Patriot Corridor Mid-America Corridor Meridian Speedway Central Florida

Mid-America Corridor Purpose: Partnership with • CN to create new Midwest – Southeast route Status: Upgrades to begin • in 2010

Patriot Corridor Heartland Corridor Mid-America Corridor Meridian Speedway Central Florida

Patriot Corridor Heartland Corridor Mid-America Corridor Crescent Corridor Meridian Speedway Central Florida

Crescent Corridor Purpose: Create a truck- • competitive corridor between the Northeast and Southeast Scope: New/expanded • terminals and route improvements Status: • Initial Virginia route • improvements complete 12% intermodal volume growth • from Northeast to Southeast in 2008 TIGER grants recently awarded •

Wolfe Trahan & Co. Global Transportation Conference May 26, 2010 Wick Moorman Chairman, President and CEO Norfolk Southern Corporation