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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 has reached a $600 million settlement that, if approved by a court, will resolve all class-action lawsuits within 20 miles of its 2023 East Palestine, Ohio, derailment that ...
Norfolk Southern CEO Alan Shaw, at center, prepares to speak at the Senate hearing on improving rail safety in response to the East Palestine, Ohio train Derailment on, March 22, 2023.
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 has agreed to a $600 million settlement to resolve class action lawsuits filed after a freight train derailed in East Palestine, Ohio, spilling toxic chemicals into the community.
The present-day Cincinnati Southern Railway runs 337 miles (542 km) from Cincinnati to Chattanooga. [3] It is still owned by the City of Cincinnati and is leased to the CNO&TP under a long-term lease; it is the only such long-distance railway owned by a municipality in the United States.
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 CEO Alan Shaw was fired for cause by the railroad’s board for “engaging in a consensual relationship with the company’s chief legal officer,” who was also terminated, the ...