Norfolk Southern News Updates

BusinessSafetyLogistics

Norfolk Southern Tops Third-Quarter Expectations

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.

October 22, 2024
GovernmentBusinessSafety

Judge Approves $600M Settlement for East Palestine Residents

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.

September 26, 2024
BusinessLogistics

New Norfolk Southern CEO Calls Last 18 Months ‘Brutal’

Norfolk Southern CEO Mark George says the railroad is ready for a fresh start after a painful 18-month period involving a derailment, an activist proxy fight and the ouster of his predecessor.

September 13, 2024
BusinessLogistics

Norfolk Southern Fires CEO Alan Shaw

Norfolk Southern said Sept. 11 it has fired CEO Alan Shaw for having an inappropriate relationship with a subordinate.

September 12, 2024
GovernmentBusinessSafety

Most Households Accept East Palestine Derailment Settlement

Very few people who live near the East Palestine, Ohio, train derailment opted out of a $600 million class action settlement.

September 10, 2024
Business

Norfolk Southern Probes Alleged Potential Misconduct by CEO

Norfolk Southern Corp. opened an investigation into allegations of potential misconduct by CEO Alan Shaw amid claims he was involved in an inappropriate workplace relationship.

September 9, 2024
GovernmentBusinessTechnologyLogistics

Norfolk Southern Investing $200M to Boost Alabama Capacity

Norfolk Southern will invest $200 million to grow capacity on a key Alabama rail line in a freight corridor for agriculture, automotive, chemicals, forestry and steel goods.

August 13, 2024
GovernmentBusinessLogistics

Norfolk Southern Accused of Delaying Amtrak Passenger Trains

U.S. authorities accused Norfolk Southern Corp. of causing repeated delays of Amtrak passenger trains along a lengthy route spanning New York City to New Orleans.

July 30, 2024
GovernmentBusinessSafetyLogistics

Norfolk Southern Profits Lifted by Insurance Payments

Norfolk Southern got a boost during the second quarter from insurance payments related to last year’s disastrous derailment, but it also made progress on its own.

July 25, 2024
GovernmentBusinessTechnologyEquipmentSafety

House Bill Seeks $100M Annual Grant for Rail Safety Upgrades

Senior members of the U.S. House Transportation Committee recently introduced legislation to enhance safety requirements for trains carrying hazardous materials.

July 24, 2024