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  "documentTitle": "Norfolk Southern Corporation (NSC)",
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      "text": "Analytical Period: Norfolk Southern's total shareholder return was evaluated over the customary 1-year and 3-year periods, as well as since Alan Shaw's appointment as CEO on Dec. 2, 2021, and the 2022 Investor Day on Dec. 6, 2022.",
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      "text": "Peer Selection: The recommended peer for evaluation of Norfolk Southern's relative total shareholder return is CSX Corp, which is nearly identical to Norfolk Southern in terms of geographic footprint, track miles, and freight mix.",
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      "text": "Benchmark Index Selection: The recommended benchmark index for Norfolk Southern is the median of all publicly traded Class I railroads. These railroads are Canadian National Railway, Canadian Pacific Kansas City, CSX Corp, and Union Pacific.",
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      "text": "Our primary rail competitor is CSX Corporation (CSX); both we and CSX operate throughout much of the same territory. — Norfolk Southern FY 2023 annual report",
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      "text": "Relative TSR Methodology",
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