Norfolk Southern Derailment Spurs Questioning of Turnaround King’s Strategy

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The late E. Hunter Harrison, who ran four of North America’s major railroads, is credited with transforming the railroad industry by spreading a philosophy of

aggressive cost-cutting.

But criticism of that philosophy, known as precision-scheduled railroading, or PSR, has grown since the February derailment of a Norfolk Southern Corp. train that released hazardous chemicals in East Palestine, Ohio.

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