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Business & EconomyMost people who received money from Norfolk Southern in the wake of last year's fiery train derailment in eastern Ohio won't have to pay taxes on millions of dollars in aid payments after all.
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Business & EconomyNorfolk Southern will pay modest $15 million fine as part of federal settlement over Ohio derailmentThe Environmental Protection Agency and Justice Department announced the agreement Thursday — two days after a federal judge signed off on the railroad's $600 million class action settlement with residents whose lives were disrupted.
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Business & EconomyAncora Holdings had nominated seven directors as part of a bid to take control of the railroad’s 13-member board and overhaul its operations.
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Business & EconomyNorfolk Southern's profits in the first three months of the year fell short of Wall Street expectations again, even excluding the $600 million settlement it recently announced for people who live near the East Palestine, Ohio, derailment.
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Business & EconomyThe Atlanta-based railroad’s profit was down from $466 million, or $2.04 per share, a year ago even though the railroad delivered 4% more shipments during the quarter.
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After the Feb. 3, 2023, derailment, Norfolk Southern accelerated development of the inspection portal and put the first one in Leetonia, near East Palestine.
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Norfolk Southern railroad plans to stop paying relocation aid to people displaced by last February's fiery derailment in eastern Ohio right after the one-year anniversary of the crash.
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Business & EconomyHalf of the 5,000 residents of East Palestine were evacuated as emergency personnel burned off some of the chemicals to avert an uncontrolled explosion.
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Health, Science & EnvironmentAbout half of East Palestine’s nearly 5,000 residents evacuated when, days after the Feb. 3 derailment, officials decided to burn toxic vinyl chloride from five tanker cars to prevent a catastrophic explosion.
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Norfolk Southern's CEO is set to testify before an Ohio Senate rail safety panel Tuesday, more than two months after a fiery train derailment including hazardous materials rocked the village of East Palestine.