CSX Profit Drops 10% Despite 3% More Q1 Freight
CSX’s first-quarter profit slipped 10% even though the railroad delivered 3% more goods, as the mix of shipments it handled shifted toward less profitable items.
Norfolk Southern to Pay $600M in Settlement Over Derailment
Norfolk Southern has agreed to pay $600 million in a class-action lawsuit settlement related to a fiery train derailment in February 2023 in eastern Ohio.
Freight Railroads Must Keep Two-Person Crews
Major freight railroads will have to maintain two-person crews on most routes under a new federal rule that was finalized April 2.
Patchwork of International Regulations Govern Cargo Ships
The patchwork system of safety regulations pertaining to cargo ships like the one that toppled a major bridge in Baltimore can allow freight transporters to skirt oversight, critics say.
NTSB Highlights Shortcomings of Automated Railroad Braking
The collision of three Norfolk Southern trains in Pennsylvania early this month highlights the shortcomings of the automated braking system that was created to prevent such crashes.
Buttigieg Takes Railroads to Task on Safety
OMAHA, Neb. — Transportation Secretary Pete Buttigieg has reiterated his concerns about railroad safety and scolded the industry for not doing more to improve.
Norfolk Southern Alone Should Pay for Cleanup, Judge Says
Norfolk Southern alone will be responsible for paying for the cleanup after last year’s fiery train derailment in eastern Ohio, a federal judge ruled.
Freight Rail Layoffs Renew Concerns About Safety and Service
The latest rail layoffs, combined with an investment fund’s ongoing campaign for control of Norfolk Southern, are renewing concerns about the effects cuts might have on safety and service.
Norfolk Southern Urges Shareholders to Reject Takeover Plan
OMAHA, Neb. — Norfolk Southern wants its shareholders to back its current management team and strategy and reject a bid from a group of investors seeking to take control of the railroad.
Norfolk Southern Piloting Anonymous Employee Safety Hotline
OMAHA, Neb. — About 1,000 engineers and conductors who work for Norfolk Southern soon will be able to report safety concerns anonymously through a federal system without fear of discipline.