Jamie Boychuk, linked to activist investor Ancora Holdings, proposes a major overhaul at Norfolk Southern (NS) similar to the Precision Scheduled Railroading (PSR) strategy he helped implement at CSX. Ancora aims to replace NS CEO Alan Shaw with former UPS executive Jim Barber Jr. to implement PSR at NS. They propose cost reductions through equipment and operations improvements. Ancora's plan initially hinges on attrition to trim the workforce by 800 positions, with a long-term goal of eliminating a total of 1,750 jobs through the same method. Barber argues NS needs to commit to PSR to improve service and financial results, criticizing NS's resiliency strategy. NS shareholders will vote on competing plans during the annual meeting on May 9.

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