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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.

EAST PALESTINE, Ohio — A lawsuit alleging for the first time that people died because of the 2023 East Palestine train derailment was filed ahead of the second anniversary of the toxic crash.

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

EAST PALESTINE, Ohio — The Village of East Palestine and Norfolk Southern announced a $22 million settlement resolving the village’s claims arising from a 2023 train derailment.

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.

Norfolk Southern announced it will add an independent director to its board as part of a settlement with activist investor Ancora.

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. 

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.

A federal judge approved a $600 million class-action settlement that Norfolk Southern railroad offered to everyone who lived within 20 miles of last year’s derailment in East Palestine, Ohio.