{"id":493252,"date":"2021-05-13T09:48:12","date_gmt":"2021-05-13T13:48:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/norfolk-southern-annual-meeting-highlights-digital-transformation-sustainability\/"},"modified":"2021-05-13T09:48:12","modified_gmt":"2021-05-13T13:48:12","slug":"norfolk-southern-annual-meeting-highlights-digital-transformation-sustainability","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/norfolk-southern-annual-meeting-highlights-digital-transformation-sustainability\/","title":{"rendered":"Norfolk Southern annual meeting highlights digital transformation, sustainability"},"content":{"rendered":"
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Accelerating precision scheduled railroading to drive long-term shareholder value<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n ATLANTA<\/span>, May 13, 2021<\/span> \/PRNewswire\/ — Norfolk Southern is positioned well to provide superior service for its customers and create long-term value for shareholders as economic conditions improve, CEO James A. Squires<\/span> told shareholders at the company’s annual meeting today.<\/p>\n

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“We’re now accelerating our implementation of precision scheduled railroading principles to drive the productivity and efficiency of our organization even further, helping us better serve customers, support growth, and drive long-term value,” Squires said.<\/p>\n

“Having made significant progress in our company’s transformation, technology remains at the center of our strategy. We are moving quickly to lead the industry in innovation, launching our Digital | NS initiative, and building the digital railroad of the future. We have goals that range from short-term, practical improvements in daily operations to long-term, aspirational ‘moonshot’ projects that will transform our company and the rail industry. Regardless of their scope, these technology investments reflect our company’s pursuit of operational excellence as well as a deep commitment to sustainability as core to our business.<\/p>\n

“We are excited to move forward with our transition to diesel-electric hybrid cranes at our intermodal facilities, advance plans to further reduce fuel consumption, and develop our science-based target to reduce emissions consistent with the Paris Agreement on climate change. By combining these measures with innovative initiatives such as our industry-first issuance of green bonds, we’re partnering with our customers and investors to reduce our respective carbon footprints and business costs while pursuing responsible growth,” said Squires.<\/p>\n

Squires’ full remarks are posted on the Invest in NS section of the Norfolk Southern website under Presentations<\/a>.\u00a0In addition, a recording of the Annual Meeting will be posted within the next week to the Invest in NS section under Annual Meeting of Shareholders<\/a>. <\/p>\n

In official business, based on preliminary results, shareholders elected 13 directors for one-year terms expiring in 2022:<\/p>\n