Norfolk Southern (NSC) 10-K2015 FY Annual report

Filed: 8 Feb 16, 12:00am

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Removed: accurate, achieved, AEI, aforementioned, backup, bad, bimodal, Butler, calendar, coke, configuration, crop, Deborah, distributed, Donald, elimination, enacted, enclosed, EPA, expired, facsimile, fluctuation, funding, guarantee, hybrid, imprecise, influenced, intended, intent, larger, lien, location, Manion, Mark, Medicare, microwave, modestly, month, Moorman, necessarily, Ontario, passive, preceding, properly, prove, pulled, Quebec, Rathbone, refinance, reflection, relied, relief, remained, repeater, reset, resolution, satisfaction, Seale, stand, statutorily, stored, strategically, subsidy, substantial, TIGER, tightened, unscheduled, utilization, utilizing, VHF, voice, waybill

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Exhibit 21

APPENDIX A

Page 1 of 2

CONSOLIDATED (MORE THAN 50% OWNED AND CONTROLLED) SUBSIDIARIES

OF NORFOLK SOUTHERN CORPORATION AND STATES OF INCORPORATION

AS OF JANUARY 31, 2016



	STATE OR COUNTRY OF INCORPORATION
Atlantic Investment Company		Delaware
General American Insurance Company		Vermont
General Security Insurance Company, Ltd.		Bermuda
Norfolk Southern Properties, Inc.		Virginia
Norfolk Southern Railway Company		Virginia
NS Fiber Optics, Inc.		Virginia
PDC Timber LLC		Delaware
Pennsylvania Investment Company, Inc.		Delaware
PLC Timber LLC		Delaware
Pocahontas Development Corporation		Kentucky
Pocahontas Land Corporation		Virginia
T-Cubed of North America, LLC		Delaware
Thoroughbred Technology and Telecommunications, LLC		Virginia



Norfolk Southern Railway Company Subsidiaries
Airforce Pipeline, Inc.		North Carolina
Alabama Great Southern LLC		Virginia
Alabama Great Southern Railroad Company, The		Alabama
BRF Investment, LLC		Virginia
Camp Lejeune Railroad Company		North Carolina
Carolina and Northwestern Railway Company		Delaware
Central of Georgia LLC		Virginia
Central of Georgia Railroad Company		Georgia
Chesapeake Western Railway		Virginia
Chicago Land Management, LLC		Virginia
Cincinnati, New Orleans and Texas Pacific Railway Company, The		Ohio
Citico Realty Company		Virginia
CNOTP LLC		Ohio
Georgia Southern and Florida Railway Company		Georgia
GSFR LLC		Georgia
High Point, Randleman, Asheboro and Southern Railroad Company		North Carolina
HPRASR LLC		North Carolina
Interstate Railroad Company		Virginia
Lamberts Point Barge Company, Inc.		Virginia
Mobile and Birmingham Railroad Company		Alabama
Norfolk and Portsmouth Belt Line Railroad Company		Virginia
Norfolk Southern International, Inc.		Virginia
Norfolk Southern - Mexico, LLC		Virginia
NorfolkSouthernMexicana, S. de R.L. de C.V.		Mexico
North Carolina Midland Railroad Company, The		North Carolina
NS Spectrum Corporation		Virginia
PLS Investment, LLC		Virginia

APPENDIX A

Page 2 of 2



	STATE OR COUNTRY OF INCORPORATION
Norfolk Southern Railway Company Subsidiaries (continued)
Rail Investment Company		Delaware
Reading Company, LLC [Delaware]		Delaware
Reading Company, LLC [Virginia]		Virginia
RIC LLC		Delaware
South Western Rail Road Company, The		Georgia
Southern Rail Terminals, Inc.		Georgia
Southern Rail Terminals of North Carolina, Inc.		North Carolina
Southern Region Materials Supply, Inc.		Georgia
State University Railroad Company		North Carolina
S-VA Corporation		Virginia
TCS Leasing, Inc.		Oklahoma
TCV, Inc.		Delaware
Tennessee, Alabama & Georgia Railway Company		Delaware
Tennessee Railway Company		Tennessee
Thoroughbred Direct Intermodal Services, Inc.		Pennsylvania
Thoroughbred Emissions Research, LLC		Virginia
Thoroughbred Funding, Inc.		Virginia
Transworks Company		Indiana
Transworks Inc.		Virginia
Transworks of Indiana, Inc.		Indiana
Triple Crown Services Company		--
Virginia and Southwestern Railway Company		Virginia
Wheelersburg Terminal LLC		Virginia
Yadkin Railroad Company		North Carolina
Yadkin Railroad Investment LLC		North Carolina



Norfolk Southern Properties, Inc. Subsidiaries
Alexandria-Southern Properties, Inc.		Virginia
Arrowood-Southern Company		North Carolina
Charlotte-Southern Hotel Corporation		North Carolina
Lambert’s Point Docks, Incorporated		Virginia
Nickel Plate Improvement Company, Inc., The		Indiana
NS-Charlotte Tower Corporation		North Carolina
NS Transportation Brokerage Corporation		Virginia
Sandusky Dock Corporation		Virginia
Southern Region Industrial Realty, Inc.		Georgia
SRIR Timber LLC		Delaware
Virginia Holding Corporation		Virginia
Westlake Land Management, Inc.		Florida

In addition, NS owns direct or indirect equity interest in:

Conrail Inc.

Consolidated Rail Corporation and its consolidated subsidiaries

CRR Holdings LLC

Delaware Otsego Corporation

DOCP Acquisition, LLC

Green Acquisition Corp.

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