Norfolk Southern (NSC) Adds Additional Detail to Strategic Plan, Streamlining
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Norfolk Southern announces further details of its strategic plan to reduce costs, drive profitability, and accelerate growth
January 27, 2016 8:03 AM ESTNORFOLK, Va., Jan. 27, 2016 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) ("the Company") ("Norfolk Southern") today announced further details of its strategic plan designed to streamline operations and drive profitability and growth. The Company's projected expense reduction and disciplined cost control initiatives are in the categories of compensation and benefits, purchased services and rents, materials, and fuel.
The Company expects to achieve annual productivity savings of more than $650 million per year by 2020, growing from an initial $130 million in 2016. With this plan, Norfolk Southern expects to improve consistency, reliability, and... More
