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  "documentTitle": "Norfolk Southern Corporation (NSC)",
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  "authorName": "Frederick D. DiSanto and James Chadwick",
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      "text": "To be explicitly clear, Norfolk Southern's OR was ~780 bps worse than CSX's rail-only OR in FY2023. In 1Q24, the OR differential ballooned to ~900 bps.",
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      "text": "Locomotives: ...Norfolk Southern has ~2,800 in-service locomotives compared to CSX's 2,427. ...removal of 450 locomotives representing a decline of ~15%.",
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      "text": "A resilience model has never been attempted... Norfolk Southern's OR was ~780 bps worse than CSX's... 1Q24, the OR differential ballooned to ~900 bps.",
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      "text": "operating ratio: 900 bps",
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      "text": "The Shareholder Slate's plan is \"not supported by the mathematical reality.\" (Cont.)",
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      "text": "14 Move NSC Forward: The Case for Operationally Proficient Leaders and a PSR-Powered Scheduled Network, Slide 15 (April 15, 2024). 15 CSX 2023 10-K filing. 16 Company filings.",
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      "kind": "title",
      "text": "Vote the BLUE Proxy Card TODAY",
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