Norfolk Southern Trading Volume Surges to $458 Million Ranking Top in Market

On July 11, 2025, Norfolk Southern Corporation (NSC) saw a significant increase in trading volume, with a turnover of $458 million, marking a 92.55% rise from the previous day. The stock price of NSC also rose by 1.30%, marking two consecutive days of gains and a total increase of 2.51% over the past two days.

Norfolk Southern Corporation has been actively seeking regulatory approval for its acquisition of control over the Norfolk & Portsmouth Belt Line Railroad (NPBL). The company initially filed a submission on February 14, 2025, which was later reclassified as a significant transaction by the Board on March 14, 2025. This reclassification required Norfolk Southern to supplement its initial submission with additional information and impact analyses.

Norfolk Southern has been effectively controlling NPBL for over 42 years, with a majority stake of 57.14% since 1982. The company has stated that the acquisition will not result in any new securities or financial arrangements and will not affect passenger services or employee numbers. Norfolk Southern has also committed to maintaining a uniform, cost-based switching rate and ensuring that its control of NPBL will not be used to artificially inflate costs or decrease transportation options for shippers.

CSX Transportation, Inc. (CSXT), a competitor, has filed a petition to reject Norfolk Southern's application, arguing that the market analysis provided is inadequate. Norfolk Southern has responded by asserting that it has complied with all regulatory requirements and that the issues raised by CSXT are more appropriately addressed at the merits stage of the proceeding. The Board has accepted Norfolk Southern's application for consideration and denied CSXT's petition to reject it.

The Board has set a procedural schedule for the review of the acquisition, including deadlines for comments, protests, and rebuttals. The final decision on the acquisition is expected to be served by April 6, 2026, with an effective date of May 6, 2026. The Board has also determined that an environmental and historic review for the transaction is not warranted, as it does not appear that the thresholds triggering such reviews would be met.