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NSC

Norfolk Southern Corporation

Sector: infrastructureRailroadsNYSEMarket Cap: $71.02B

Norfolk Southern Corporation operates a Class I freight railroad network in the eastern US, with direct political exposure from $27.1M in federal defense contracts, 8 politicians with lobbying ties, and a cluster of director-level insider purchases totaling ~$994K.

Govt Dependence
35/100
Regulatory Density
85/100
Lobbying Intensity
55/100
Political Signal
BULLISH

BusinessWhat NSC does

Norfolk Southern is a major freight railroad company transporting industrial, agricultural, and consumer goods across 22 eastern states and the District of Columbia. Its revenue is derived from freight services across multiple commodity groups, including intermodal, coal, and merchandise. The company holds federal contracts with the Department of Defense, totaling $27.1M across 2 contracts.

12 months past · 3 months futureNSC activity timeline

$331$282$232 JunJulAugSepOctNovDecJan '26FebMarAprMayJunJulAug ↓ PAST — recorded activity ↑ FUTURE — scheduled markups · pending votes TODAY · May 18 $321.44 hi $239.42 lo $315.90 CONGRESS 30 INSIDERS 1 13F FUNDS 30 BILLS 40 Ro Khanna (D) · Sale · 2026-01-29Julie Johnson (D) · Sale · 2025-12-18Julie Johnson (D) · Sale · 2025-11-13Val T. Hoyle (D) · sale · 2025-09-23Val T. Hoyle (D) · Sale · 2025-09-23Julie Johnson (D) · sale · 2025-08-14Julie Johnson (D) · Sale · 2025-08-14Ro Khanna (D) · Purchase · 2025-07-01Ro Khanna (D) · purchase · 2025-07-01Ro Khanna (D) · purchase · 2025-06-23Ro Khanna (D) · Purchase · 2025-06-23 Clyburn William Jr. · · BUY 2025-12-05 Citadel Advisors · OPENED $711M · 2025-12-31D.E. Shaw & Co. · OPENED $656M · 2025-12-31Citadel Advisors · OPENED $557M · 2025-09-30D.E. Shaw & Co. · OPENED $137M · 2025-06-30D.E. Shaw & Co. · OPENED $135M · 2025-09-30Baupost Group · holds $73M · 2026-03-31Baupost Group · OPENED $71M · 2025-12-31Baupost Group · OPENED $68M · 2025-09-30Baupost Group · OPENED $53M · 2025-06-30Citadel Advisors · OPENED $19M · 2025-06-30 S.1020 · enacted · 2026-05-11S.933 · markup · 2026-03-04HR.2212 · committee · 2025-11-18S.784 · committee · 2025-05-21 MARKUP · House Appropriations Subcommittee on Department of Homeland · 2026-05-18MARKUP · Senate Homeland Security and Governmental Affairs · 2026-05-19MARKUP · Senate Appropriations Subcommittee on Commerce, Justice, Sci · 2026-05-19MARKUP · Senate Appropriations Subcommittee on Departments of Labor, · 2026-05-19MARKUP · Senate Appropriations Subcommittee on Department of Defense · 2026-05-19MARKUP · Senate Commerce, Science, and Transportation Subcommittee on · 2026-05-19MARKUP · House Appropriations Subcommittee on Commerce, Justice, Scie · 2026-05-19MARKUP · Senate Appropriations Subcommittee on Transportation, Housin · 2026-05-19MARKUP · Senate Commerce, Science, and Transportation Subcommittee on · 2026-05-20MARKUP · Senate Environment and Public Works Subcommittee on Clean Ai · 2026-05-20MARKUP · House Homeland Security · 2026-05-20MARKUP · Senate Appropriations Subcommittee on Energy and Water Devel · 2026-05-20MARKUP · Senate Appropriations Subcommittee on Department of Defense · 2026-05-21MARKUP · House Appropriations Subcommittee on Departments of Transpor · 2026-05-21MARKUP · Homeland Security Subcommittee on Cybersecurity and Infrastr · 2026-05-21
Congress
buy sell
Insider · Form 4
open-market buy
Hedge fund · 13F
opened + added − trimmed closed holds
Bills
past action (this ticker) upcoming markup (sector) carveout (this ticker)
240 trading days · 11 congressional trades shown · 1 insider buys · 10 13F filings · 4 past bill actions · 15 upcoming markups

Executive Branch ConflictsNSC held by Trump-administration officials

Lifetime Government AwardsNSC federal contracts by year

$27M
total awarded · 2014–2016
2
contracts on file
2016
peak year ($18M)
$18M $9M 2014: $9M across 1 contract $9M 2014 2016: $18M across 1 contract (peak year) $18M 2016
Top contracts by award amount
$17.7M Department of Defense 2016-03-11 SELA 26 RAILWAY WORK IGF::OT::IGF
$9.4M Department of Defense 2014-12-18 ENGINEERING AND CONSTRUCTION SERVICES
3 years · 2 contracts

Smart Money · 13F HoldingsHedge funds holding NSC

$3.38B
Total NSC held by tracked 13F funds
40
Funds with NSC positions
+39
Funds opened this quarter
Citadel Advisors $711M opened 3 overlap 2025-12-31
D.E. Shaw & Co. $656M opened 3 overlap 2025-12-31
Citadel Advisors $557M opened 2025-09-30
Citadel Advisors $228M opened 2024-03-31
D.E. Shaw & Co. $137M opened 2025-06-30
D.E. Shaw & Co. $135M opened 2025-09-30
D.E. Shaw & Co. $101M opened 2024-09-30
Baupost Group $73M holds 1 overlap 2026-03-31
32 more 13F positions tracked · quarterly delta charts available in member dashboard

Politicians Trading NSCMembers of Congress with recent NSC positions

8 politicians traded NSC across 53 disclosed transactions totaling $620K (last 730 days). Greed score = composite of trade frequency, volume & recency across the politician's entire history (not just NSC). 0-30 LOW · 30-60 MID · 60+ HIGH.

Congressional TradesWho in Congress is trading NSC

2026-01-29 Ro Khanna D-California · house Sale $1,001 - $15,000
2025-12-18 Julie Johnson D-Texas · house Sale $1,001 - $15,000
2025-11-13 Julie Johnson D-Texas · house Sale $1,001 - $15,000
2025-09-23 Val T. Hoyle D-Oregon · house sale $1,001 - $15,000
2025-09-23 Val T. Hoyle D-Oregon · house Sale $1,001 - $15,000
2025-03-19 Sheri Biggs R-South Carolina · house sale $15,001 - $50,000 200d late
2025-03-19 Sheri Biggs R-South Carolina · house Sale $15,001 - $50,000 200d late
2025-08-14 Julie Johnson D-Texas · house sale $1,001 - $15,000
2025-08-14 Julie Johnson D-Texas · house Sale $1,001 - $15,000
2025-07-01 Ro Khanna D-California · house Purchase $1,001 - $15,000
2025-07-01 Ro Khanna D-California · house purchase $1,001 - $15,000
2025-06-23 Ro Khanna D-California · house purchase $1,001 - $15,000
30+ trades on file · most recent 2026-02-06

Corporate Insiders · Form 4What CEOs, CFOs, and directors are doing with their own stock

Open-market buys

C
Insider signal score 40/100 · 1 distinct insiders · 1 open-market buys totaling $60K in the last 180 days.
2025-12-05 Clyburn William Jr. BUY 204 sh $60K

Stock awards & option exercises

1
option exercises · $204K
For NSC, executives receive stock primarily as compensation rather than via open-market purchases — typical for established large-cap firms.

Bills Affecting NSCLive legislation impacting this stock

Political ProfileWhere NSC sits in Washington

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STRUCTURAL: Strong committee alignment with 8 politicians showing lobbying patterns, including key members on transportation and appropriations committees. EVIDENTIARY: Cluster of 3 director-level insider buys in last 180 days totaling ~$994K (`get_corporate_insider_signal.top_buys`), and former President Trump holds NSC stock (`get_executive_branch_exposure.by_ticker[0].holdings`). Net: Structural access is high, with corroborating insider and executive branch ownership signals.

Regulatory ExposureThreats & opportunities

Regulatory threats

  • Heightened regulatory scrutiny following the East Palestine train derailment.
    Senate Committee on Commerce, Science, and Transportation; Senate Committee on Environment and Public Works
    "`get_political_influence.lobbying_patterns[0].committees` and `Lobbying filings touching this ticker[0].specific_issues` cite meetings on 'East Palestine Train Derailment / Senate Commerce and Senate "

Regulatory opportunities

  • Federal infrastructure spending bills directly impacting freight rail.
    Congress
    "`Recent bill_impacts` lists 8 infrastructure bills with positive estimated revenue impacts ranging from $15.4M to $20M each."
  • Committee jurisdiction alignment with key appropriations and transportation panels.
    Senate Committee on Appropriations (THUD Subcommittee); House Committee on Transportation and Infrastructure
    "`get_political_influence.lobbying_patterns[2].committees` shows Sen. Capito on SSAP24 (Transportation Appropriations) and `lobbying_patterns[1].committees` shows Rep. Bresnahan on HSPW (Transportation"

Capitol Hill AlliesChampions & critics

Congressional champions

Congressional critics

  • No specific congressional critics identified.

LobbyingWho's hired to advocate for NSC

THOMAS ADVISORS, INC infrastructure
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Frequently AskedAbout NSC & political exposure

Does Norfolk Southern Corporation (NSC) hold federal contracts?
Yes. Norfolk Southern Corporation has 2 federal contract awards totaling $27,095,521, primarily from agencies including Department of Defense. See full contract list and amounts on this page.
Which Trump cabinet officials own NSC stock?
1 Trump cabinet members or senior White House staff have disclosed holdings in NSC on their OGE 278 financial disclosures, including Donald J. Trump. See the Cabinet Conflicts panel for details.
Has Congress traded NSC stock?
245 congressional trades by 27 unique members of Congress, most recently on 2026-01-29. See the Congressional Trading panel for politician-by-politician breakdown.
What is NSC political risk profile?
Government dependence: 35/100. Lobbying intensity: 55/100. Political signal: bullish. Donor party split: R 100% / D 0%.
How does GovGreed track NSC political activity?
GovGreed integrates STOCK Act congressional trade disclosures, FEC contributions, OGE executive-branch disclosures, USASpending federal contracts, Senate LDA lobbying filings, and SEC Form 4 corporate insider trades into a single queryable graph. NSC data is updated daily from these official federal sources.