1982 merger of Southern Railway and Norfolk & Western Railroad.

Joint owner, with CSX Transportation, Inc., of the Winston-Salem South Bound Railway.

+ 1980s - Acquired the Lynchburg & Durham Railroad.

+ 1987 - Sold assets to the Aberdeen, Carolina & Western Railroad.

+ 1988 - Sold assets to the Virginia Southern Railroad.

+ 1988 - Sold assets to the Great Smoky Mountains Railroad.

+ 1989 - Sold assets to the Yadkin Valley Railroad.

+ 1989 - Leased assets to the Carolina Coastal Railroad.

+ 1990 - Sold assets to the Thermal Belt Railroad.

+ 1990 - Leased assets to the Chesapeake & Albemarle Railroad.

+ 1994 - Sold assets to the Caldwell County Railroad.

+ 1999 - Leased the North Carolina Railroad for fifteen years, renewable for thirty years.