Norfolk Southern (NSC) has issued an announcement.
Norfolk Southern Corporation is enhancing its operational performance and shareholder value through organizational changes, such as shifting key divisions under the new COO John Orr’s leadership. Orr’s initiatives, like conducting a ‘Safety Blitz’, optimizing network assets, and reclassifying hump yards, have already improved terminal dwell times, train speed, and reduced train counts significantly. The company is also streamlining its Intermodal network by cutting underperforming lanes and implementing new technologies to increase terminal efficiency. Furthermore, to ensure alignment with its financial and operational strategies, Norfolk Southern has revised its annual incentive compensation plan, incorporating Operating Ratio as a key performance metric.
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