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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.
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Business & EconomyThe federal government filed a lawsuit against railroad Norfolk Southern over environmental damage caused by a train derailment on the Ohio-Pennsylvania border that spilled hazardous chemicals into nearby creeks and rivers.
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Business & EconomyOhio Attorney General Dave Yost announced Norfolk Southern has agreed to use Ohio companies for the cleanup after last month's train derailment. The state's lawsuit against Norfolk Southern continues.