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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

$361$313$264 AugSepOctNovDecJan '26FebMarAprMayJunJulAugSepOct ↓ PAST — recorded activity ↑ FUTURE — scheduled markups · pending votes TODAY · Jul 28 $350.66 hi $272.35 lo $350.66 CONGRESS 30 INSIDERS 0 13F FUNDS 30 BILLS 28 Ro Khanna (D) · Purchase · 2026-05-01Ro 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 · 2025-08-14 Baupost Group · holds $72755M · 2026-03-31Two Sigma Investments · + $39669M · 2026-03-31Citadel Advisors · + $711M · 2025-12-31D.E. Shaw & Co. · + $656M · 2025-12-31Citadel Advisors · + $557M · 2025-09-30D.E. Shaw & Co. · - $135M · 2025-09-30Baupost Group · + $71M · 2025-12-31Baupost Group · + $68M · 2025-09-30 S.1020 · enacted · 2026-05-11HR.2145 · reported · 2026-05-21S.933 · markup · 2026-03-04HR.2212 · committee · 2025-11-18 MARKUP · Senate Homeland Security and Governmental Affairs · 2026-07-29MARKUP · Senate Energy and Natural Resources · 2026-07-29MARKUP · Senate Commerce, Science, and Transportation Subcommittee on · 2026-07-30
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)
249 trading days · 8 congressional trades shown · 0 insider buys · 8 13F filings · 4 past bill actions · 3 upcoming markups

Executive Branch ConflictsNSC held by Trump-administration officials

Lifetime Government AwardsNSC federal contracts by year

$29M
total awarded · 2010–2018
16
contracts on file
2016
peak year ($18M)
$18M $9M 2010: $392K across 1 contract $392K 2010 2011: $7K across 1 contract $7K 2011 2012: $255K across 2 contracts $255K 2012 2 contracts 2013: $880K across 2 contracts $880K 2013 2 contracts 2014: $9M across 2 contracts $9M 2014 2 contracts 2015: $20K across 1 contract $20K 2015 2016: $18M across 3 contracts (peak year) $18M 2016 3 contracts 2017: $39K across 3 contracts $39K 2017 3 contracts 2018: $22K across 1 contract $22K 2018
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
$862K Department of Defense 2013-11-07 DESIGN AND ENGINEERING SERVICES SELA 26 FLORIDA AVENUE
$392K Department of Defense 2010-05-05 PROJECT MANAGEMENT SUPPORT SERVICES FOR
$238K Department of Defense 2012-09-24 MODERNIZE ADAMS ST CROSSING, INSTALL RR
9 years · 16 contracts

Smart Money · 13F HoldingsHedge funds holding NSC

$113.79B
Total NSC held by tracked 13F funds
4
Funds with NSC positions
Baupost Group $72.75B holds 2 overlap 2026-03-31
Two Sigma Investments $39.67B +509% 2 overlap 2026-03-31
Citadel Advisors $711M +33% 3 overlap 2025-12-31
D.E. Shaw & Co. $656M +406% 3 overlap 2025-12-31

Politicians Trading NSCMembers of Congress with recent NSC positions

8 politicians traded NSC across 48 disclosed transactions totaling $580K (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

2026-05-01 Ro Khanna D-California · house Purchase $1,001 - $15,000
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
30+ trades on file · most recent 2026-06-11

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

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 16 federal contract awards totaling $28,757,704, primarily from agencies including Department of Defense, Department of State, Department of Transportation. 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?
246 congressional trades by 27 unique members of Congress, most recently on 2026-05-01. 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.