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On Feb. 3, a Norfolk Southern train with 150 cars carrying hazardous materials derailed in East Palestine, Ohio. The NTSB found the operators of the train tried to stop it after a wheel bearing ...
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Under the deal, Norfolk Southern will add another independent director to its board and work to further improve its operations. Ancora, meanwhile, agreed to drop its nominations of four new board ...
Norfolk Southern's stock price, which soared after Ancora announced its campaign to oust Shaw, immediately fell after the results of the vote were announced. It was trading down more than 4% at ...
Norfolk Southern's predecessor railroads date to the early 19th century. The South Carolina Canal & Rail Road was the SOU's earliest predecessor line. Chartered in 1827, the South Carolina Canal & Rail Road Company became the first to offer regularly scheduled passenger train service with the inaugural run of the Best Friend of Charleston in 1830. [18]
WASHINGTON (Reuters) -U.S. railroad operator Norfolk Southern has agreed to pay $600 million to settle a class action lawsuit over a February 2023 East Palestine, Ohio train derailment that ...
James A. Squires is an American railroad executive who was the president, chief executive officer, and executive chairman of Norfolk Southern Railway until his retirement on May 1, 2022; Squires had left the presidency on December 1, 2021.
The Thoroughbred Shortline Program was a system of shortline creation devised by Norfolk Southern in the late 1980s. It involved an alternative to the typical practice of a Class I railroad selling rail lines outright to shortlines in the post-Staggers Act era.