Analyst Coverage

Firm Analyst
Argus Research Company
John Eade
Atlantic Equities
Lindsay Bettiol
Bank of America Merrill Lynch (US)
Ken Hoexter
Barclays Capital Inc.
Brandon Oglenski
BMO Capital Markets (Canada)
Fadi Chamoun
Citi Investment Research (US)
Christian Wetherbee
Cleveland Research Company
Bryan Merolla
Cowen Securities, LLC
Jason Seidl
Credit Suisse Securities (USA), LLC
Allison Landry
Deutsche Bank Securities Inc.
Amit Mehrotra
Goldman Sachs & Company, Inc.
Matthew Reustle
J.P. Morgan Securities, LLC
Brian Ossenbeck
Loop Capital
Rick Paterson
Morgan Stanley & Co., LLC
Ravi Shanker
Morningstar, Inc.
Keith Schoonmaker
Raymond James & Associates, Inc.
Tyler Brown
Raymond James & Associates, Inc.
Arthur W. Hatfield
RBC Capital Markets
Walter Spracklin
Robert W. Baird & Co. Incorporated
Ben Hartford
Sanford C. Bernstein & Co., LLC
David Vernon
Scotiabank
Turan Quettawala
Seaport Global
Mark Levin
Stephens Inc.
Justin Long
Stifel, Nicolaus & Company, Inc.
John G. Larkin
Susquehanna Financial Group, LLLP
Bascome Majors
TD Securities, Inc.
Cherilyn Radbourne
UBS Securities, LLC
Thomas Wadewitz
Wells Fargo
Matt Troy
Wolfe Research, LLC
Scott Group
Wolfe Research, LLC
Ed Wolfe

Norfolk Southern Corporation is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Norfolk Southern Corporation's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Norfolk Southern Corporation or its management. Norfolk Southern Corporation does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.