SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
August 24, 1998 (August 22, 1998)
NORFOLK SOUTHERN RAILWAY COMPANY
(Exact name of Registrant as specified in its charter)
1-743; 1-3744;
Virginia 1-4793; 1-546-2 53-6002016
(State of Incorporation) (Commission File No.) (IRS Employer
Identification No.)
Three Commercial Place
Norfolk, Virginia 23510-2191
(Address of principal executive offices)
(757) 629-2682
(Registrant's telephone number)
No Change
(Former name or former address, if changed since last report)
Item 5. Other Events.
On August 22, 1998, the unanimous decision of the Surface
Transportation Board (STB) announced on July 23, 1998, became effective.
Pursuant thereto, registrant's parent, Norfolk Southern Corporation
("NSC"), and CSX Corporation are authorized and directed to assume and
exercise control over Conrail Inc. (Conrail) and its subsidiaries,
including its rail subsidiary, Consolidated Rail Corporation.
As more particularly outlined in the press release annexed hereto
as Exhibit 99, the voting trust which until now held the Conrail stock
purchased by NSC and CSX Corporation has been terminated; the persons
serving as directors of Conrail on August 22, 1998, have resigned, and new
directors have been elected.
Until the Closing Date -- the date on which the railroads of NSC
and CSX Corporation actually will begin operating the respective portions
of the routes and assets of Consolidated Rail Corporation approved by the
STB -- the operations of Consolidated Rail Corporation are expected to
remain largely unchanged. The Closing is contingent upon, among other
things, negotiation of satisfactory labor implementing agreements and
integration of information technology systems. Closing is expected to
occur late in 1998 or in the first quarter of 1999.
Item 7(c). Exhibits.
No. 99 Copy of press release issued by NSC (jointly
with CSX Corporation) on Saturday, August 22, 1998.
Signatures
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
NORFOLK SOUTHERN RAILWAY COMPANY
(Registrant)
By: /s/ Dezora M. Martin
_____________________________
(signature)
Dezora M. Martin
Assistant Corporate Secretary
Date: August 24, 1998
EXHIBIT INDEX
Exhibit Page Number in
Number SEC Sequential
System Description Numbering
99 Copy of press release issued
by NSC (jointly with CSX
Corporation) on Saturday,
August 22, 1998.