CEO Alan Shaw on CNBC’s Mad Money with Jim Cramer 3.27.24
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- Опубликовано: 15 сен 2024
- Norfolk Southern CEO Alan Shaw sat down with CNBC’s Jim Cramer on his Mad Money program Wednesday to discuss Norfolk Southern’s balanced strategy and plan to deliver long-term value.
Shaw explained how Norfolk Southern and its highly qualified board have laid the groundwork for significant margin improvement in 2024. With the right people in place and a strategy balanced on service, productivity, and growth, Shaw projected 400 to 500 basis points of margin improvement.
“We are investing in the long-term,” Shaw said. “We are improving our service product. We’re improving productivity. That’s starting to drive growth for us. So, I’ve got a lot of confidence about where we’re going in the back half of this year and beyond.”
In the two years since Shaw became CEO, Norfolk Southern has seen improvement in several key areas. Velocity has improved 27% under Shaw’s leadership. In 2022, the railroad delivered record revenue, and in 2023, Norfolk Southern was the only Class I railroad to significantly reduce its mainline accident rate.
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I feel bad for Shaw. He inherited a mess but has been doing his best to clean it up, literally and figuratively, with so much opposition in the way. PSR will be the death nail of NS. Ancora cannot be allowed to take them over.
Shaw has changed this company around. Jim Squire and Cindy Sanborn ran ns into the ground and jumped ship before they were held accountable leaving Shaw to clean up their mess. Which he has been doing. From an ns employee I appreciate what Shaw is doing for us.
One of my favorite stocks
Precision Scheduled Railroading is a LOSING strategy that will bring renewed regulation.
So why do railroads keep implementing it?
@@Smackyjack440because they just want money .. but everyone else ( customers , employees , communities) suffer
@@Smackyjack440 because private equity firms demand it even though it is a bad strategy. Shaw gets it. Rails need to position for growth, not cannibalization.
@@hrrsncrawford14 I have an opportunity to come back into the railroad as a conductor, but PSR it’s really making me second-guess my decision.
Thank you for the information, you guys are the best, @norfolksoutherncorp, you too, Alan Shaw, and happy early-Good Friday to all of you guys.
Up hill slow, down hill fast, profits first, safety last.
Your comment has nothing to do with this video...😮
@@seatkinson890 no just the safety culture of Norfolk southern and the entire railroad industry
@@EqualizerPG You didn't watch the video and you haven't been paying attention to what Norfolk Southern has been doing in the year since East Palestine...😏 Glad to see a media outlet acknowledge the promises kept in East Palestine and the improvements in safety, like the track shed that takes 1000 pictures a second of a train moving at 60 mph.
I hope NS honestly gets bought out. This guy is an idoit. Says he loves railroad stocks. Well he loves cuz thats the only thing railroads care about not customer service, not employees, not growth. Just the bare minimum to please shareholders.
Tell that to Ancora
@@marktwain09 oh ik. NS will be done as a company if ancora gets full control of it.
East Palestine is still F-ed up, Alan.
Ancora won’t make things better!
As an investor every class 1 railroad needs to eliminate the jobs of conductors, engineers, train dispatchers, signal maintainers, track maintenance, carmen, locomotive servicers, and any other job that can go autonomous to get more profit for us. Any job you can't eliminate then scab out to a contract company for pennies on the dollar.
Way to further destroy the middle class, and long-term, the American economy. Who keeps the economy "going"? Who circulates the money throughout the economy?
Glad to hear, finally, a media outlet acknowledge and commend Alan Shaw and Norfolk Southern for their work in Making It Right in East Palestine. 👍🫶🇺🇸