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Norfolk Southern at the Forefront of Transforming Freight Transport

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Lauren Miller

April 8, 2024 - 20:48 pm

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Norfolk Southern Leadership Shares Vision of Resilience and Growth in Industry Forum

ATLANTA, April 8, 2024 /PRNewswire/ -- At a time when the transportation sector is at a pivotal point of transformation, Norfolk Southern Corporation (NYSE: NSC) spearheads the change with a revision of strategies pivotal for the industry’s future. The corporation's President and Chief Executive Officer, Alan Shaw, and Executive Vice President and Chief Operating Officer, John Orr, led a comprehensive discussion in a Wolfe Research-hosted fireside chat to shed light upon the company's strategic advancements. The insightful dialogue centered on Norfolk Southern's commitment to enhancing a dynamic and productive railroad infrastructure and unveiled new initiatives aimed at expediting the company's journey towards bridging the margin gap with industry contemporaries.

A Strategic Milestone in the Making

The strategic conversation, which is eagerly anticipated to take place on Wednesday, April 10, 2024, will significantly mark a milestone for Norfolk Southern as it presents its evolved approach to resilient railroad operation. Shaw and Orr’s discourse will detail how balancing innovative strategies with operational excellence can revamp the spine of America’s freight transportation network. The event is scheduled to commence promptly at 2:00 p.m. ET, facilitating a broad audience to tune in as the company carves its trajectory towards enhanced margin proficiency relative to its peers.

Event Details at a Glance

When: The industry briefing with Norfolk Southern's executives is set for April 10, 2024, and interested parties can join the live webcast which is set to begin at 2:00 p.m. Eastern Time.

Where: The event will be accessible via webcast. Participants can register and join the event through the link provided here: Via Webcast.

Unveiling Norfolk Southern's Balanced Strategic Path

Redefining the operational philosophy to cultivate a more agile and efficient railroad is at the core of Norfolk Southern’s rejuvenated vision. The measures put forward by the corporation resonate through the industry as they punctuate the emphasis on sustainability and reliability. Shaw and Orr will dive deep into the innovative changes and tactical approaches that are expected to fortify the company's significant presence in the U.S. freight network, placing client satisfaction and operational fluidity at the pinnacle of their endeavours.

Following the live discussion, an archived version of the fireside chat will be made available for those who wish to engage with the material retrospectively. Individuals can access the replay of this pivotal industry dialogue through the Investors page located on Norfolk Southern's website at Norfolk Southern Investors. Moreover, for additional information regarding the company's strategic developments and other related announcements, individuals are encouraged to visit VoteNorfolkSouthern.com.

A Stalwart in the Transportation Industry

Pioneering the freight transportation industry since 1827, Norfolk Southern Corporation and its predecessors have been unwavering in their commitment to moving the goods that fuel the U.S. economy. The company proudly operates a network that is customer-centric and driven by innovative operations. Reflecting upon its sustainability pledge, Norfolk Southern enables its customers to mitigate around 15 million tons of carbon emissions annually by opting for rail shipping over alternative methods. With a dedicated cadre of employees, the corporation successfully orchestrates the transit of over 7 million carloads each year, covering a vast spectrum from agriculture to consumer goods. Also noteworthy is Norfolk Southern's leading role in automotive traffic among Class I Railroads and the possession of the most extensive intermodal network in the eastern United States. This robust framework underpins the nation's major container ports across the Atlantic coast as well as those along the Gulf of Mexico and the Great Lakes, ensuring a vast reach throughout populous regions and manufacturing hubs. Further insights into Norfolk Southern's impactful journey can be found by visiting their website at www.NorfolkSouthern.com.

Corporate Governance and Shareholder Communications

The company's oversight extends into its corporate governance practices, imposing a structured and transparent dialogue with its shareholders. Emphasizing the importance of these communications, Norfolk Southern has filed a comprehensive definitive proxy statement (the "2024 Proxy Statement") with the Securities and Exchange Commission (SEC) in relation to the forthcoming 2024 Annual Meeting of Shareholders. Shareholders are urged to consult the Proxy Statement and any pertinent amendments or supplemental filings to remain informed about the proxy solicitation and related shareholder matters. These regulatory documents are readily available for scrutiny on the SEC's official website at www.sec.gov and can also be accessed via the company's investor relations page at Norfolk Southern Investor Room.

Moreover, the company outlines that its directors, certain executive officers, and other employees may also be considered as active participants in the proxy solicitation for the 2024 Annual Meeting as defined by SEC guidelines. The regulatory filings detail these individuals' holdings and interests in Norfolk Southern securities and any subsequent changes therein, aligning with disclosure protocols through the filing of SEC Forms 3, 4, and 5.

Forward-Thinking Endeavors and Investor Caution

As a forward-thinking enterprise, Norfolk Southern is keen on setting benchmarks through forward-looking statements that reflect the company's ambitious goals and projections about its future financial performance. Such sentiment was echoed in the press release where the intent to achieve the 2024 annual incentive plan milestones and execute the strategic plan was adamantly portrayed. It should be noted, however, these forward-looking declarations are not set in stone but are subject to various risks, uncertainties, and conditions that may shift the course of outcomes. Each statement represents visions for upcoming events or financial performance and rests upon current expectations colored by risks both identifiable and unforeseen.

The forward-looking assertions relayed within the context of the press release hinge upon legislative safe harbor provisions demarcated in the Private Securities Litigation Reform Act of 1995, as amended. The intentions, plans, and aspirations laid out are contingent on future developments, including but not limited to the capacity to satisfy stringent performance goals and the fruition of strategic objectives. It bears special mention that the statements issued are aligned with the circumstances present at their release time, and while they are supported by the company’s confidence in its analytical and predictive models, the dynamic nature of business environments may necessitate revisions or updates should new information or future events necessitate such a response.

For in-depth perspectives on these forward-looking statements and how they pertain to Norfolk Southern's operations or financial standing, reference should be made to the “Risk Factors” section in the company's Annual Report on Form 10-K for the year ended December 31, 2023, as well as subsequent filings with the SEC. Interested parties are directed to review these documents comprehensively to gauge the accuracy and relevance of the predictions made by Norfolk Southern, as they form an integral component of the corporate foresight communicated to the public and investment communities.

Embracing the Future with Norfolk Southern

As the transportation industry encounters a period of significant change, Norfolk Southern's collaborative forum with Wolfe Research underscores the company's determination to remain at the industry's forefront by embracing innovation and operational efficiency. The visionary leadership of President and CEO Alan Shaw, coupled with the broad expertise of COO John Orr, presents the narrative of a company poised to rise amidst challenges and seize opportunities presented by the evolving economic landscape.

Undoubtedly, the fireside chat will cast light upon Norfolk Southern's critical role in the transportation sector, but, more crucially, it will delineate the path the company is charting to ensure continued success and sustainability. With the industry's eyes set upon this significant dialogue, the anticipation of learning more about their resilient strategies promises to draw substantial attention not only from internal stakeholders but from the entire realm of freight transportation.

This meticulously crafted revelation of the company's roadmap will potentially empower investors, customers, and employees alike. It encapsulates the company's pledge to uphold its stalwart status in the transportation domain while nurturing an ecosystem conducive to growth, innovation, and sustainable progress.

In conclusion, Norfolk Southern's proactive engagement with stakeholders through their strategic session with Wolfe Research will be a defining moment that encapsulates their commitment to the future of freight transportation. As the company propels itself toward new horizons, the significance of this discourse will reverberate across the industry, signaling Norfolk Southern's readiness to steer towards a brighter and more efficient tomorrow.

Source: Norfolk Southern Corporation

Throughout this journey of transformation, Norfolk Southern remains a beacon for industry leadership, environmental stewardship, and shareholder transparency. With all eyes on the future, the company continues to build upon its rich legacy, driving the next evolution of transportation while remaining steadfast in its commitment to connect, serve, and create value for all its stakeholders.