The company said Intermodal and Automotive Operations, which was previously under its Marketing division, now reports to new Chief Operating Officer John Orr. It said Car Management has also been moved into Operations.

1. 01

   The company said Intermodal and Automotive Operations, which was previously under its Marketing division, now reports to new Chief Operating Officer John Orr. It said Car Management has also been moved into Operations.

2. 02

   Norfolk Southern said terminal dwell improved by 8%, merchandise train speed increased by 8% and active train count fell by 8% in just 2 weeks since John Orr's appointment as COO on March 20, 2024.

3. 03

   The company said it removed 53 low-volume Intermodal lanes in its lane review, representing 15% of all Intermodal lanes. It also said it has introduced a new driver appointment system at two of its major international terminals.

4. 04

   The company said it added Operating Ratio as a metric in its 2024 annual incentive plan, replacing the margin modifier, and disclosed that under the updated plan the Operating Ratio weighting is 30% and the Operating Income weighting is 40%. It set a long-term goal of achieving a sub-sub-60% OR in 3 to 4 years.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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