Norfolk Southern (NSC) Adds Additional Detail to Strategic Plan, Streamlining
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/17/2026
- Magnitude 7.4 earthquake strikes coast of Chiapas, Mexico; Tsunami waves are possible
- Magnitude 7.4 earthquake strikes Puerto Madero, Mexico, USGS says
- Nike out of World Cup contention as Adidas-outfitted teams head to final
- Personalis (PSNL) explores potential sale after interest from Merck and others - source
- Wall Street ends lower as chip weakness offsets solid earnings, economic data
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
