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  "documentTitle": "Norfolk Southern Corporation (NSC)",
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  "authorName": "Move NSC Forward",
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  "presentationDate": "2024-04-15 00:00:00",
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      "text": "Norfolk Southern vs. CSX (same geographic footprint, track miles and freight mix): 800 bps worse operating ratio",
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      "text": "Total Shareholder Returns vs. Peers: NSC vs. Class I Median (-11.9%) and Norfolk Southern vs. CSX (-18.0%).",
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      "text": "Company Snapshot: NSC is a Class I freight railroad; Alan Shaw appointed CEO in 2022; East Palestine derailment caused significant damage.",
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      "text": "FY 2023 vs. FY 2022 Performance: Revenue down 4.6%; Income down 19.4%; Expenses up $1.4B; Operating ratio +600 bps; Significant gaps vs. CSX.",
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      "text": "Current Leadership: CEO Alan Shaw lacks operational experience; COO John Orr lacks Eastern U.S. rail experience and PSR expertise.",
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      "text": "Total Shareholder Returns: (18.0%)",
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      "kind": "source-note",
      "text": "Source: Company filings; Bloomberg.",
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      "text": "Where Norfolk Southern Stands Today: The Worst-Performing Class I Railroad",
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