FOR IMMEDIATE RELEASE
Norfolk Southerns strategy and team continues to be praised by customers and industry associations
Key partners voice unwavering support for Norfolk Southerns management team and balanced strategy
ATLANTA, May 7, 2024 Norfolk Southern Corporation (NYSE: NSC) Tuesday highlighted additional support from key customers and
industry associations including Hub Group, Inc., American Short Line & Regional Railroad Association, CONSOL Energy Inc., and others. Their strong backing underscores the companys balanced strategy, driven by the decisive
leadership of CEO Alan Shaw and guided by the Norfolk Southern board, is the best path to drive long-term value for shareholders and deliver reliable, resilient service.1
Hub Group continues to value its long-term partnership with Norfolk Southern that allows us collectively to deliver a cost-effective,
environmentally sensitive intermodal service offering to shippers throughout the eastern United States. The commitment that you and your management team have made to maintaining consistently strong service levels is critical to our mutual success in
converting over-the-road shipments to rail which is leading to significant growth. We appreciate that a sustained dedication to maintaining strong service levels is a
key element of your strategic plan
We support you and your management team in the ongoing execution of your strategy.
-
Phillip Yeager, President, CEO, and Vice Chairman
Hub Group, Inc.
As a group we are focused on fostering long-term volume and revenue growth for the rail industry. To that end, we support strategies from
our Class I partners, including the current Norfolk Southern strategy, dedicated to these same goals. We believe growth is most effectively achieved through a commitment to providing operating resilience and consistent customer service, and to
do so over a full business cycle.
- Chuck Baker, President & CEO
American Short Line & Regional Railroad Association
Arrowhead (now part of Waste Connections) has been [a] customer since 2019. During that time our annual freight volumes have increased
thirty-fold, and we are looking to doubling that in the next twelve months. [The Norfolk Southern] team from the CEO down to the local operating folks have been extremely helpful and supportive these past five years. A large part of
our success has come from their team and our partnership. Although we would never presume to tell your shareholders how to vote, and we will always remain a good NS customer, they should be aware that we would be concerned if the existing operating
and marketing support changed.
- Bill Gay, Division Vice President
Arrowhead Environmental Partners/Waste Connections
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Permission to use quotations was neither sought nor obtained.
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