Norfolk Southern Corporation

holding company formed in 1982 for Norfolk and Western Railway and Southern Railway

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01.07.2024Labour Party wins the general election

01.07.2024Labour Party wins the general election

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Norfolk Southern to pay $600 million after deadly train derailment
business 2025-04-24 17:13
Norfolk Southern to pay $600 million after deadly train derailment
  • A jury ruled that Norfolk Southern must pay a total of $600 million to residents affected by the Ohio train derailment.
  • Previously, GATX was found not liable for the settlement even though it owned the derailed train car.
  • The case highlights ongoing legal issues and concerns about Norfolk Southern's response to the derailment disaster.
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business 2025-04-23 21:24
GATX avoids liability for the $600 million Ohio derailment settlement
  • An Ohio jury has ruled that GATX is not liable for negligence associated with the 2023 East Palestine train derailment settlement.
  • The derailment resulted in hazardous chemical spills, leading to a $600 million settlement approved by Norfolk Southern.
  • The ruling underscores the ongoing legal disputes regarding accountability in industrial accidents and their consequences for affected communities.
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business 2025-04-23 12:00
Norfolk Southern profits surge despite derailment challenges
  • Norfolk Southern's first-quarter profits increased significantly to $750 million.
  • Insurance payments related to a 2023 derailment influenced these profits.
  • The railroad's performance indicates resilience amidst external economic pressures.
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business 2025-04-17 21:04
Railroad agrees on payment terms for victims of Ohio train derailment
  • Norfolk Southern agreed to a $600 million class-action settlement following a train derailment in East Palestine, Ohio, in 2023.
  • The railroad company reached an agreement with OxyVinyls, the chemical manufacturer, determining how much each will contribute to the settlement.
  • The residents affected by the derailment are still awaiting full payments despite some funds being disbursed.
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Norfolk Southern seeks $600 million from GATX and OxyVinyls after derailment
business 2025-03-30 20:05
Norfolk Southern seeks $600 million from GATX and OxyVinyls after derailment
  • Norfolk Southern filed a motion for a trial slated to begin to determine financial responsibility for damages due to a derailment.
  • The company claims GATX owned the railcar that caused the incident, while OxyVinyls allegedly provided misleading information about the chemicals involved.
  • The outcome will clarify which of the companies will contribute to the $600 million class-action settlement.
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business 2025-01-29 13:00
Norfolk Southern sees profits surge after fourth quarter recovery
  • Norfolk Southern reported a $733 million profit for the fourth quarter of 2024, a significant rise from $527 million the previous year.
  • The railroad's earnings were bolstered by insurance payments from the East Palestine derailment and successful sales of rail lines.
  • CEO George expresses optimism for 2025 growth amid potential regulatory changes and a projected revenue increase.
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Workers Fall Sick Cleaning Ohio Train Derailment Site
environment, society 2024-08-15 14:45
Workers Fall Sick Cleaning Ohio Train Derailment Site
  • Workers fell sick while cleaning up the Ohio train derailment site in East Palestine.
  • The contamination from the derailment caused some workers to become ill during the cleanup.
  • The hidden report exposed the health risks faced by workers at the site.
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Norfolk Southern Reports Strong Q2 Earnings Amid Derailment Recovery
business 2024-07-25 20:27
Norfolk Southern Reports Strong Q2 Earnings Amid Derailment Recovery
  • Norfolk Southern reported improved financial performance due to insurance payouts from last year's East Palestine derailment.
  • The company is also focusing on reducing expenses and increasing efficiency.
  • These efforts signify a strategic shift in response to last year's incident.
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NTSB report criticizes Norfolk Southern for mishandling vinyl chloride cars in East Palestine
politics 2024-06-25 17:10
NTSB report criticizes Norfolk Southern for mishandling vinyl chloride cars in East Palestine
  • NTSB report highlights mishandling of vinyl chloride cars by Norfolk Southern and contractors.
  • Incident occurred in East Palestine, Ohio, raising concerns about safety protocols.
  • NTSB findings raise questions about railway safety practices in the region.
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Norfolk Southern leads industry effort to improve vent and burn decisions
business 2024-06-22 00:30
Norfolk Southern leads industry effort to improve vent and burn decisions
  • Norfolk Southern plans to enhance decision-making processes regarding vent and burn operations in the rail industry.
  • The National Transportation Safety Board is set to provide insights into the mishandling of tank car situations by first responders.
  • Efforts are being made to prevent similar incidents in the future and improve safety measures.
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Federal settlement reached with Norfolk Southern over $310 million payment for Ohio derailment
business 2024-05-24 01:50
Federal settlement reached with Norfolk Southern over $310 million payment for Ohio derailment
  • Norfolk Southern to pay $310 million in federal settlement for East Palestine derailment in Ohio.
  • Federal government agrees to the settlement for last year's train derailment.
  • The $310 million payment represents the largest sum in the settlement.
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Activist Ancora wins three board seats at Norfolk Southern but fails to oust CEO
business 2024-05-09 16:55
Activist Ancora wins three board seats at Norfolk Southern but fails to oust CEO
  • Activist Ancora secures three board seats at Norfolk Southern, falling short of ousting the CEO.
  • Norfolk Southern shareholders have elected ten of the thirteen director nominees to the company board.
  • Despite the partial victory, Ancora activists will not be able to remove the CEO from the company.
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