FOR IMMEDIATE RELEASE
			 January 23, 2001

NORFOLK SOUTHERN DECLARES QUARTERLY DIVIDEND,
ANNOUNCES RESTRUCTURING

NORFOLK, VA - The Norfolk Southern Corporation (NYSE: NSC) Board of Directors
today declared a quarterly dividend of 6 cents per share on its common stock,
payable on March 10 to stockholders of record on February 2, and the
Corporation announced a restructuring designed to reduce costs and improve
financial performance. The dividend reflects a decrease from the previously
paid quarterly dividend of 20 cents per share.

"The dividend reduction was a difficult decision but a necessary component
of our restructuring, which is part of a series of planned actions that
Norfolk Southern is taking in response to the economic slowdown and changes
in our transportation markets," said David R. Goode, Norfolk Southern
chairman, president and chief executive officer. "These actions further
align our company with changing economic realities, and they sharpen our
focus on improving financial performance for our investors while maintaining
our commitment to safety and customer service."

The restructuring includes:
*     a work force reduction of 1,000 to 2,000 employees over the next
      12 months, which will be in addition to programs announced in 2000;
*     disposition of 12,000 surplus freight cars;
*     a line rationalization program targeting 3,000 to 4,000 underutilized
      or duplicate track miles over the next 24 months;
*     consolidation or disposition of up to 10 underutilized or
      redundant facilities; and
*     a redesign of Norfolk Southern's service network with the assistance
      of MultiModal Applied Systems, a railroad consulting firm with a
      successful track record of helping railroads reduce operating costs
      while improving service levels.

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
World Wide Web Site: www.nscorp.com