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<title>Norfolk Southern Corporation Form 8-K</title>



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<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

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<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
  WASHINGTON, D.C. 20549</b><br>
________________________________</p>

<p style='font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in'><b>FORM 8-K</b></p>

<p style='font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in'><b>CURRENT REPORT</b><br>
<b>Pursuant to Section 13 or 15(d)<br>
of the Securities Exchange Act of 1934</b></p>

<p style='font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in'>Date of Report (Date of
earliest event reported):&nbsp;<br>
<b>&nbsp;May 16, 2008 (May 15, 2008)</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>________________________________</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><img width=384 height=100
src="image001.jpg"></p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="5">NORFOLK SOUTHERN
CORPORATION</font></b><font size="5"><br>
</font>(Exact name
of registrant as specified in its charter)</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>________________________________</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;text-align:center'>&nbsp;</p>

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 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>Virginia</b></p>
  </td>
  <td width=203 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>1-8339</b></p>
  </td>
  <td width=281 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>52-1188014</b></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>(State or Other
  Jurisdiction <br>
  of Incorporation)</p>
  </td>
  <td width=203 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>(Commission File
  Number)</p>
  </td>
  <td width=281 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>(IRS Employer<br>
  Identification Number)</p>
  </td>
 </tr>
 <tr>
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  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>
  </td>
  <td width=203 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp; </p>
  </td>
  <td width=281 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>Three Commercial Place</b></p>
  </td>
  <td width=203 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;text-align:center'>&nbsp;</p>
  </td>
  <td width=281 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>(757) 629-2680</b></p>
  </td>
 </tr>
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  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>Norfolk, Virginia&nbsp; </b></p>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>23510-9241</b></p>
  </td>
  <td width=203 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;text-align:center'>&nbsp;</p>
  </td>
  <td width=281 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>(Registrant's
  telephone number, including area code)</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>(Address of principal
  executive offices)</p>
  </td>
  <td width=203 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;text-align:center'>&nbsp;</p>
  </td>
  <td width=281 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;text-align:center'>&nbsp;</p>
  </td>
 </tr>
</table>

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<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in'>
<b>No Change</b><br>
(Former name or former address, if changed since last report)</p>

<p style='font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in'>Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:</p>

<p style='font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in'>[
&nbsp;]&nbsp;&nbsp;&nbsp; Written communications pursuant to Rule 425 under the
Securities Act&nbsp; (17 CFR 230.425)</p>

<p style='font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in'>[
&nbsp;]&nbsp;&nbsp;&nbsp; Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)</p>

<p style='font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in'>[
&nbsp;]&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17 CFR 240.14d-2(b))</p>

<p style='font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in'>[
&nbsp;]&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17 CFR 240.13e-4(c)) </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>

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<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;line-height:1.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><b>Item
1.01. &nbsp;&nbsp; Entry into a Material Definitive Agreement.</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-bottom:12.0pt;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>On May 15, 2008, Norfolk
Southern Corporation&#146;s (&#147;NS&#148;) wholly-owned subsidiary, Norfolk Southern Railway
Company (&#147;NSR&#148;), entered into a transaction agreement (the &quot;Transaction
Agreement&quot;) with Pan Am Railways, Inc. (&quot;Pan Am&quot;) and its
wholly-owned subsidiaries, Boston and Maine Corporation (&#147;B&amp;M&#148;) and
Springfield Terminal Railway Company (&#147;Springfield Terminal&#148;), providing for,
among other things, the formation of Pan Am Southern LLC (&#147;PAS&#148;), a newly
formed railroad company in which each of Pan Am (through its B&amp;M
subsidiary) and NSR will have a 50% equity interest.</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-bottom:12.0pt;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>Under the Transaction
Agreement, Pan Am has agreed to transfer to PAS its 155-mile main line track
that runs between Mechanicville, N.Y. and Ayer, Mass., along with 281 miles of
secondary and branch lines, including trackage rights, in New York, Connecticut, Massachusetts, New Hampshire and Vermont (the &#147;PAS Line&#148;).&nbsp; NSR has agreed to transfer
cash and other property valued at $140 million to PAS, $87.5 million of which is to be invested within a three-year period in capital
improvements on the PAS Line, such as track and signal upgrades and terminal
expansions.&nbsp; The parties also anticipate the construction of new intermodal
and automotive terminals in the Albany area. &nbsp;PAS will be managed by a
management committee, a capital project committee and a joint operating
committee, each of which will be composed of an equal number of NSR and B&amp;M
representatives, and which together will determine future capital projects and
oversee operations.</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-bottom:12.0pt;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>Under the terms of the
Transaction Agreement, PAS and Springfield Terminal will enter into an
operating agreement pursuant to which Springfield Terminal will provide all
railroad services for PAS.&nbsp; In addition, the parties will also enter into a
joint use agreement under which NSR will be granted haulage rights:</p>

<ul style='margin-bottom:0in;margin-top:0in'>
 <li style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;margin-bottom:12.0pt'>
	<p style="margin-left: 0.2in"><font face="Times New Roman"><a name="OLE_LINK3">
	between </a>Mechanicville, New York, and Gardner, Massachusetts
     to/from an interchange with Providence and Worcester Railroad;</font></li>
 <li style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;margin-bottom:12.0pt'>
	<p style="margin-left: 0.2in"><font face="Times New Roman">between Mechanicville, New York, and Hoosick Junction, New York, to/from an interchange with the Vermont Railway Company;</font></li>
 <li style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;margin-bottom:12.0pt'>
	<p style="margin-left: 0.2in"><font face="Times New Roman"><a
     name="OLE_LINK4">between
     Mechanicville, New York, and East Northfield, Massachusetts and/or Millers
     Falls, Massachusetts to/from an interchange with the New England Central
     Railroad</a>;
     and</font></li>
 <li style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;margin-bottom:12.0pt'>
	<p style="margin-left: 0.2in"><font face="Times New Roman">between Mechanicville, New York, and certain
     intermodal and to be constructed automotive transfer facilities located in
     Ayer, Massachusetts for the local delivery of intermodal and automotive
	traffic.</font></li>
</ul>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-bottom:12.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The transactions contemplated by the Transaction Agreement are subject to
regulatory approvals and other customary closing conditions.</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><b>Item
7.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Regulation FD Disclosure.</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-bottom:12.0pt; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b>On May 15,
2008, NS and Pan Am issued a joint press release announcing their entry into
the Transaction Agreement.&nbsp; The text of such press release is included as
Exhibit 99.1 to this Current Report on Form 8-K.&nbsp; </p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-bottom:12.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-bottom:12.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>

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</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;line-height:1.0pt'>&nbsp;</p>

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<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;line-height:1.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>In addition, on May 16, 2008, NS also posted
additional information regarding the expected commercial, operational and
competitive effects of the above transaction on its website, www.nscorp.com, copies of which are included
as Exhibit 99.2 to this Current Report on Form 8-K.&nbsp; NS is making this
investment in accordance with its overall strategic asset investment policies,
and expects to earn a long-term return in excess of its internal cost of
capital.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;text-indent:.5in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>This Current Report on Form 8-K (including
Exhibits&nbsp;99.1 and 99.2) contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. &nbsp;Such
statements represent NS&#146; best, good faith judgment as to what may occur in the
future.&nbsp; Statements that are forward-looking can be identified by the use of
words such as &#147;believe,&#148; &#147;expect,&#148; &#147;anticipate&#148; and &#147;project.&#148; &nbsp;NS&#146; actual
results may differ materially from those projected and will be subject to a
number of risks and uncertainties, some of which may be outside of its control.
&nbsp;Investors should refer to NS&#146; 2007 Annual Report on Form 10-K for the year
ended December&nbsp;31, 2007 and its Quarterly Report on Form 10-Q for the
quarter ended March 31, 2008, both filed with the Securities and Exchange
Commission and available at the Securities and Exchange Commission&#146;s Internet
site (<u> http://www.sec.gov </u>) for
discussions of those risks and uncertainties it views as most important.</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><b>Item
9.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Financial Statements and Exhibits.</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><b>(d)
Exhibits</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>
The following exhibits are furnished as part of this
Current Report on Form 8-K:</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;text-indent:63.35pt'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=103 valign=top style='width:77.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>Exhibit<u><br>
  Number</u></p>
  </td>
  <td width=535 valign=top style='width:401.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><u>Description</u></p>
  </td>
 </tr>
 <tr>
  <td width=103 valign=top style='width:77.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>
  </td>
  <td width=535 valign=top style='width:401.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp; </p>
  </td>
 </tr>
 <tr>
  <td width=103 valign=top style='width:77.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>99.1</p>
  </td>
  <td width=535 valign=top style='width:401.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>Press
  release, dated May 15, 2008</p>
  </td>
 </tr>
 <tr>
  <td width=103 valign=top style='width:77.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>99.2</p>
  </td>
  <td width=535 valign=top style='width:401.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>Transaction
  slides</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:3.75in; margin-right:0in; margin-top:0in'>SIGNATURES</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:3.75in; margin-right:0in; margin-top:0in'>
<b>NORFOLK SOUTHERN CORPORATION</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:3.75in; margin-right:0in; margin-top:0in'>(Registrant)</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:3.75in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:3.75in; margin-right:0in; margin-top:0in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:3.75in; margin-right:0in; margin-top:0in'>/s/ Howard D. McFadden</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:3.75in; margin-right:0in; margin-top:0in'>_________________________________</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:3.75in; margin-right:0in; margin-top:0in'>Name:&nbsp;
Howard D. McFadden<br>
Title:&nbsp;&nbsp;&nbsp;
Corporate Secretary</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>Date:&nbsp;
May 16, 2008</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;line-height:1.0pt'>&nbsp;</p>

</div>

<font face="Times New Roman">

<br clear=all
style='page-break-before:always'>


</font>


<div style='page:Section2;'>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;line-height:1.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center;page-break-after:avoid; margin-left:0in; margin-right:0in; margin-top:0in'><b>EXHIBIT INDEX</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;text-indent:63.35pt'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
 <tr>
  <td width=103 valign=top style='width:77.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>Exhibit<u><br>
  Number</u></p>
  </td>
  <td width=535 valign=top style='width:401.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><u>Description</u></p>
  </td>
 </tr>
 <tr>
  <td width=103 valign=top style='width:77.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>
  </td>
  <td width=535 valign=top style='width:401.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=103 valign=top style='width:77.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>99.1</p>
  </td>
  <td width=535 valign=top style='width:401.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>Press
  release, dated May 15, 2008</p>
  </td>
 </tr>
 <tr>
  <td width=103 valign=top style='width:77.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>99.2</p>
  </td>
  <td width=535 valign=top style='width:401.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>Transaction
  slides</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Arial;page-break-after:avoid'>&nbsp;</p>

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</html>
[{"type": "8-K", "sequence": "1", "filename": "esnorfolk8k.htm", "secsgml_size_bytes": 31330}]
{"company-data": {"conformed-name": "NORFOLK SOUTHERN CORP", "cik": "0000702165", "assigned-sic": "4011", "irs-number": "521188014", "state-of-incorporation": "VA", "fiscal-year-end": "0208"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-08339", "film-number": "08840366"}, "business-address": {"street1": "THREE COMMERCIAL PL", "city": "NORFOLK", "state": "VA", "zip": "23510-2191", "phone": "7576292680"}, "mail-address": {"street1": "THREE COMMERCIAL PL", "city": "NORFOLK", "state": "VA", "zip": "23510-2191"}}
Norfolk Southern Corporation Form 8-K
UNITED STATES
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):
May 16, 2008 (May 15, 2008)
________________________________
NORFOLK SOUTHERN
CORPORATION
(Exact name
of registrant as specified in its charter)
________________________________
Virginia
1-8339
52-1188014
(State or Other
  Jurisdiction
of Incorporation)
(Commission File
  Number)
(IRS Employer
Identification Number)
Three Commercial Place
(757) 629-2680
Norfolk, Virginia
23510-9241
(Registrant's
  telephone number, including area code)
(Address of principal
  executive offices)
No Change
(Former name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[
 ]    Written communications pursuant to Rule 425 under the
Securities Act  (17 CFR 230.425)
[
 ]    Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
[
 ]    Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act
(17 CFR 240.14d-2(b))
[
 ]    Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act
(17 CFR 240.13e-4(c))
Item
1.01.    Entry into a Material Definitive Agreement.
On May 15, 2008, Norfolk
Southern Corporation's ("NS") wholly-owned subsidiary, Norfolk Southern Railway
Company ("NSR"), entered into a transaction agreement (the "Transaction
Agreement") with Pan Am Railways, Inc. ("Pan Am") and its
wholly-owned subsidiaries, Boston and Maine Corporation ("B&M") and
Springfield Terminal Railway Company ("Springfield Terminal"), providing for,
among other things, the formation of Pan Am Southern LLC ("PAS"), a newly
formed railroad company in which each of Pan Am (through its B&M
subsidiary) and NSR will have a 50% equity interest.
Under the Transaction
Agreement, Pan Am has agreed to transfer to PAS its 155-mile main line track
that runs between Mechanicville, N.Y. and Ayer, Mass., along with 281 miles of
secondary and branch lines, including trackage rights, in New York, Connecticut, Massachusetts, New Hampshire and Vermont (the "PAS Line").  NSR has agreed to transfer
cash and other property valued at $140 million to PAS, $87.5 million of which is to be invested within a three-year period in capital
improvements on the PAS Line, such as track and signal upgrades and terminal
expansions.  The parties also anticipate the construction of new intermodal
and automotive terminals in the Albany area.  PAS will be managed by a
management committee, a capital project committee and a joint operating
committee, each of which will be composed of an equal number of NSR and B&M
representatives, and which together will determine future capital projects and
oversee operations.
Under the terms of the
Transaction Agreement, PAS and Springfield Terminal will enter into an
operating agreement pursuant to which Springfield Terminal will provide all
railroad services for PAS.  In addition, the parties will also enter into a
joint use agreement under which NSR will be granted haulage rights:
between
Mechanicville, New York, and Gardner, Massachusetts
     to/from an interchange with Providence and Worcester Railroad;
between Mechanicville, New York, and Hoosick Junction, New York, to/from an interchange with the Vermont Railway Company;
between
     Mechanicville, New York, and East Northfield, Massachusetts and/or Millers
     Falls, Massachusetts to/from an interchange with the New England Central
     Railroad
;
     and
between Mechanicville, New York, and certain
     intermodal and to be constructed automotive transfer facilities located in
     Ayer, Massachusetts for the local delivery of intermodal and automotive
	traffic.
The transactions contemplated by the Transaction Agreement are subject to
regulatory approvals and other customary closing conditions.
Item
7.01.       
Regulation FD Disclosure.
On May 15,
2008, NS and Pan Am issued a joint press release announcing their entry into
the Transaction Agreement.  The text of such press release is included as
Exhibit 99.1 to this Current Report on Form 8-K.
In addition, on May 16, 2008, NS also posted
additional information regarding the expected commercial, operational and
competitive effects of the above transaction on its website, www.nscorp.com, copies of which are included
as Exhibit 99.2 to this Current Report on Form 8-K.  NS is making this
investment in accordance with its overall strategic asset investment policies,
and expects to earn a long-term return in excess of its internal cost of
capital.
This Current Report on Form 8-K (including
Exhibits 99.1 and 99.2) contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.  Such
statements represent NS' best, good faith judgment as to what may occur in the
future.  Statements that are forward-looking can be identified by the use of
words such as "believe," "expect," "anticipate" and "project."  NS' actual
results may differ materially from those projected and will be subject to a
number of risks and uncertainties, some of which may be outside of its control.
 Investors should refer to NS' 2007 Annual Report on Form 10-K for the year
ended December 31, 2007 and its Quarterly Report on Form 10-Q for the
quarter ended March 31, 2008, both filed with the Securities and Exchange
Commission and available at the Securities and Exchange Commission's Internet
site (
http://www.sec.gov
) for
discussions of those risks and uncertainties it views as most important.
Item
9.01.       
Financial Statements and Exhibits.
(d)
Exhibits
The following exhibits are furnished as part of this
Current Report on Form 8-K:
Exhibit
Number
Description
99.1
Press
  release, dated May 15, 2008
99.2
Transaction
  slides
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
SIGNATURES
NORFOLK SOUTHERN CORPORATION
(Registrant)
/s/ Howard D. McFadden
_________________________________
Name: 
Howard D. McFadden
Title:   
Corporate Secretary
Date: 
May 16, 2008
EXHIBIT INDEX
Exhibit
Number
Description
99.1
Press
  release, dated May 15, 2008
99.2
Transaction
  slides