Norfolk Southern to Pay $310 Million Settlement Over Ohio Train Derailment
Posted inChemicals Compensation for Damages (Law) East Palestine (Ohio) East Palestine, Ohio, Train Derailment (Feb 3, 2023) Environment Environmental Protection Agency Fines (Penalties) Freight (Cargo) Hazardous and Toxic Substances Justice Department National Transportation Safety Board Norfolk Southern Corporation Railroad Accidents and Safety Railroads Shaw, Alan H. Suits and Litigation (Civil)

Norfolk Southern to Pay $310 Million Settlement Over Ohio Train Derailment

The railroad company reached an agreement with the federal government to settle claims and costs from the 2023 derailment of a train carrying hazardous materials in the Ohio town.
Norfolk Southern Faces Activist Investor Challenge
Posted inBarber, Jim Jr. East Palestine, Ohio, Train Derailment (Feb 3, 2023) Freight (Cargo) Norfolk Southern Corporation Prices (Fares, Fees and Rates) Railroad Accidents and Safety Railroads Regulation and Deregulation of Industry Shareholder Rights and Activism Shaw, Alan Stocks and Bonds Workplace Hazards and Violations

Norfolk Southern Faces Activist Investor Challenge

A year after a derailment in Ohio raised questions about rail safety, an investment firm is seeking to install new management in an effort to increase profits.