Norfolk Southern Shareholders Approve Key Proposals at 2024 Annual Meeting

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Shareholders elected a new slate of directors, ratified the appointment of KPMG LLP as the independent auditor, and approved a shareholder proposal by Ancora Group to repeal any bylaw amendments made without shareholder approval after July 25, 2023. However, shareholders did not approve the advisory resolution on executive compensation (Say on Pay) or a shareholder proposal regarding an annual report on lobbying activities.

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About Norfolk Southern Corporation

Norfolk Southern Corporation is a Class I railroad company that plays a vital role in the U.S. transportation sector. Its primary function is to provide freight transportation services across a comprehensive network that spans the eastern United States. The company's expansive rail system facilitates the efficient movement of raw materials, intermediate products, and finished goods, thus supporting key industries such as agriculture, automotive, chemicals, coal, and intermodal traffic. Norfolk Southern's operations are integral to supply chains and the overall economy, as they help transport essential products swiftly over long distances. With a focus on safety, sustainability, and technological enhancements, the company strives to improve operational efficiency and reduce its environmental footprint. Norfolk Southern's services are critical to logistics and transportation, significantly impacting regional and national market dynamics by enabling competitive pricing and timely delivery. Its strategic rail connections and robust infrastructure underscore its importance in the rail transportation industry.