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Norfolk Southern’s quarterly profits were again inflated by insurance payments related to its disastrous 2023 derailment in Ohio, but even without that, the railroad’s profits grew.

Norfolk Southern reached an agreement with one of two companies about how much each side will help pay for a $600 million class-action settlement after the 2023 Ohio train derailment.

CSX railroad’s profit fell 27% in the first quarter as two major construction projects contributed to a decline in shipments.

Norfolk Southern’s solid fourth quarter — combined with the support they’re getting from Washington D.C. — has the CEO feeling optimistic about 2025.

Residents challenging Norfolk Southern’s $600 million settlement for the Ohio train crash have asked a court to reject a judge’s order requiring them to put up a bond to continue their appeal.

OMAHA, Neb. — The flurry of contract agreements announced this fall offers evidence that railroads and their unions are working to avoid the standoffs that led them to a brink of a strike in 2022.

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. 

Most of the money will go to track and bridge upgrades. Some will be used to bolster training and explore cleaner-burning alternatives to the diesel the rail industry has long relied on.

OMAHA, Neb. — Union Pacific’s third-quarter profit grew 9% as the railroad delivered 6% more freight and continued to raise prices and streamline its operations.

Norfolk Southern’s streamlined operations delivered strong earnings, even excluding boosts from insurance payouts related to the derailment in East Palestine and the sale of two rail lines.