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The federal government agreed to a $15 million fine for Norfolk Southern over last year's disastrous derailment in East Palestine, Ohio, and the railroad promised to pay more than $500 million to ...
The lawsuit led by pension funds in Ohio and Michigan sought damages for investors who owned $3.95 billion of Norfolk Southern senior notes and bonds from seven offerings by the Atlanta-based ...
East Palestine and Norfolk Southern have announced a $22 million settlement resolving all of the village’s claims arising from the disastrous 2023 train derailment near the Ohio-Pennsylvania ...
The insurance payments Norfolk Southern is collecting during the fourth quarter related to the disastrous East Palestine, Ohio, derailment in 2023 and ensuing cleanup provided a $32 million boost ...
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 ...
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]
Norfolk Southern’s first-quarter earnings report Wednesday gave the railroad the opportunity to publicly defend CEO Alan Shaw’s strategy again before investors decide on May 9 whether to back him.
June 10 - July 1: NJM, Paterson Extension Railroad, Midland Connecting Railway, North Jersey Railroad, Water Gap Railroad, Pennsylvania Midland Railway all reorganize together as the first corporate incarnation of the New York, Susquehanna and Western Railroad. [36] [37] Sussex Railroad taken over by the DL&W [38]
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