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Norfolk Southern
Government, Business, Safety, Logistics

Norfolk Southern Profits Lifted by Insurance Payments

Norfolk Southern train

Norfolk Southern got a boost during the second quarter from insurance payments related to last year’s disastrous derailment, but it also made progress on its own.

Josh Funk | Associated Press
July 25, 2024
Government, Business, Technology, Equipment, Safety

House Bill Seeks $100M Annual Grant for Rail Safety Upgrades

Rep. Troy Nehls (R-Texas).

Senior members of the U.S. House Transportation Committee recently introduced legislation to enhance safety requirements for trains carrying hazardous materials.

Eugene Mulero | Senior Reporter
July 24, 2024
Government, Business, Safety, Logistics

NTSB Chair Says Norfolk Southern Botched Vent-and-Burn Call

Norfolk Southern train

EAST PALESTINE, Ohio — The head of the National Transportation Safety Board said Norfolk Southern tried to interfere with the agency’s investigation into the East Palestine derailment.

Associated Press
June 26, 2024
Government, Business, Safety, Logistics

NTSB to Approve East Palestine Report June 25

Jennifer Homendy

WASHINGTON — This month, the National Transportation Safety Board is scheduled to approve its investigative findings about a freight train derailment​ last year in East Palestine, Ohio.

Eugene Mulero | Senior Reporter
June 14, 2024
Government, Business, Safety, Logistics

Norfolk Southern to Pay $15 Million Fine Over Derailment

Norfolk Southern derailment

The federal government agreed to a $15 million fine for Norfolk Southern over the derailment in East Palestine, Ohio, and the railroad promised to pay $300 million to improve safety.

Josh Funk | Associated Press
May 23, 2024
Government, Business, Safety

Judge Signs Off on $600M Ohio Train Derailment Settlement

Black plume rises over East Palestine, Ohio

A federal judge has signed off on the $600 million class action settlement over last year’s disastrous Norfolk Southern derailment in eastern Ohio.

Josh Funk | Associated Press
May 22, 2024
Business, Logistics

Activist Investor Wins 3 Norfolk Southern Board Seats

Norfolk Southern train

Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted May 9 to elect three of the board members an activist investor nominated.

Josh Funk | Associated Press
May 9, 2024
Government, Business, Safety, Logistics

Buttigieg Calls on Congress to Pass Rail Bill

Pete Buttigieg

More than a year after a train derailment in Ohio captured mainstream attention, the nation’s top transportation officer again called on Congress to advance a freight safety bill.

Eugene Mulero | Senior Reporter
May 1, 2024
Business, Logistics

Proxy Firm: Norfolk Shareholders Should Split Ticket in Vote

Norfolk Southern HQ

Norfolk Southern's CEO won support from adviser Institutional Shareholder Services before a shareholder vote on an activist-driven push to replace the railroad’s leadership team.

Crystal Tse | Bloomberg News
April 30, 2024
Business, Safety, Logistics

Norfolk Southern Reports Lower Earnings After Settlement

Norfolk Southern train

Norfolk Southern’s first-quarter earnings report gave the railroad the opportunity to publicly defend CEO Alan Shaw’s strategy again before investors decide on May 9 whether to back him.

Josh Funk | Associated Press
April 24, 2024

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