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The Latest Breaking News from Norfolk Southern

Norfolk Southern rule that railcars be inspected in less than a minute sparks safety concerns

Norfolk Southern sparked renewed concerns about flaws being missed during railcar inspections when it told employees this week they should spend no more than a minute looking at each car

The Independent UK

Federal Government Allocates .4 Billion For Railroad Projects Nationwide

Federal Railroad Administration grants .4 billion for 122 rail projects nationwide, focusing on infrastructure, safety, and efficiency.

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Federal government hands out $2.4 billion for 122 railroad projects nationwide

The federal government is handing out $2.4 billion in railroad grants to help pay for 122 projects nationwide with more than half of the money going to smaller railroads

The Independent UK

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Stocks Recover and Settle Mixed on Strong Earnings Results

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down by -0.05%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.11%. Stocks recovered from early losses on Tuesday and settled mixed. Better-than-expected...

Barchart

Residents Near East Palestine Derailment Eligible For Personal Injury Payments

Residents affected by East Palestine derailment may still receive personal injury payments despite settlement appeal. Legal fees, fund allocation, and comm...

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Some East Palestine derailment settlement payments should go out even during appeal of the deal

People who lived near the disastrous East Palestine train derailment last year should still be able to receive personal injury payments even while the bulk of their $600 million class action settlement with Norfolk Southern railroad remains on hold during an appeal

The Independent UK

Norfolk Southern's Quarterly Earnings Preview: What You Need to Know

Norfolk Southern will release its third-quarter earnings this month, and analysts anticipate a double-digit bottom-line growth.

Barchart

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Lingering toxins from train crash

Here’s what our investigation found in East Palestine

Salon

Dockworkers score big labor victory

Shipping strike ends rapidly — with big wage increase — after Biden and Harris stand with union workers

Salon

Toxic chemicals from Ohio train derailment lingered in buildings for months – here’s what our investigation found in East Palestine

On Feb. 3, 2023, a train carrying chemicals jumped the tracks in East Palestine, Ohio, rupturing railcars filled with hazardous materials and fueling chemical fires at the foothills of the Appalachian Mountains.

The Conversation

Appeal delays $600 million class action settlement payments in fiery Ohio derailment

Settlement checks related to Norfolk Southern’s disastrous 2023 derailment could be delayed up to two years now because an appeal of a federal judge’s decision last week to approve the $600 million deal has been filed

The Independent UK

0 Million Settlement Approved For Ohio Derailment Victims

Federal judge approves 0 million settlement for residents near East Palestine derailment, with payments to start soon. Railroad offers assistance and cl...

Top News

EPA data make it hard to know the extent of the contamination from last year's Ohio derailment

The way the Environmental Protection Agency has reported its test results since the disastrous East Palestine, Ohio, train derailment last year makes it hard for residents to know the full extent of the contamination they have been exposed to that they worry could increase their risk of cancer

The Independent UK

Regulators warn of risks of long trains after increase in derailments

The report follows the Norfolk Southern derailment in East Palestine, Ohio in which hazardous chemicals burned for days

The Independent UK

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Fortune

Will Norfolk Southern claw back fired CEO Alan Shaw's pay?

Major companies have recently adopted measures to recoup pay from executives after misconduct or behavior that causes reputational harm.

International Business Times

Norfolk Southern CEO Alan Shaw Replaced By CFO Over Workplace Misconduct

Finance chief Mark George will be the new president and chief executive, while Jason Zampi will serve as acting CFO.

The Independent UK

Norfolk Southern fires CEO Alan Shaw for an inappropriate relationship with employee

Norfolk Southern fired CEO Alan Shaw for having an inappropriate relationship with a subordinate

Top News

Norfolk Southern CEO Under Investigation For Ethical Lapses

Norfolk Southern's CEO faces investigation for ethical lapses amidst challenges and activist investor pressure.

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East Palestine Train Derailment Settlement Approval Expected Soon

Residents near East Palestine, Ohio, train derailment opt into 0 million settlement with concerns about compensation adequacy and contamination levels.

The Independent UK

Fewer than 400 households reject $600 million Ohio train derailment settlement

Very few people who live near the East Palestine, Ohio, train derailment opted out of a $600 million class action settlement despite reservations about whether the deal offers enough

The Independent UK

Norfolk Southern railroad says its CEO is under investigation for alleged ethical lapses

Norfolk Southern's board has confirmed that the railroad's CEO Alan Shaw is under investigation for potential ethical lapses

International Business Times

Norfolk Southern Confirms Probe of CEO's Conduct

They are looking into possible ethics violations by Alan Shaw

Barchart

Norfolk Southern Stock: Is NSC Outperforming the Industrial Sector?

Although Norfolk Southern has outperformed relative to the Industrial sector over the past year, Wall Street analysts maintain a cautiously optimistic outlook about the stock’s prospects.

International Business Times

Norfolk Southern CEO Alan Shaw Accused Of Inappropriate Workplace Relationship: Report

The Atlanta-based freight railroad's board of directors is investigating the allegations with the help of outside legal advisers

Barchart

Do Wall Street Analysts Like Norfolk Southern Stock?

Norfolk Southern has lagged behind the broader market over the past year, and Wall Street analysts are cautiously optimistic about the stock's potential.

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