Norfolk Southern adds OR to 2024 incentive plan; COO Orr reports early 8% gains

NORFOLK SOUTHERN CORP

COO John Orr appointed March 20; Intermodal & Automotive moved to Operations.
Terminal dwell, Merchandise speed, active train count each improved 8% in first two weeks under Orr.
53 low-volume intermodal lanes eliminated (15% of network) to reduce complexity.
Two hump yards reclassified as 'High Performance Terminals'; targeted 33% dwell improvement in 60 days.
2024 annual incentive plan adds Operating Ratio (30% weighting); long-term goal of sub-60% OR in 3-4 years.

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