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.
Category: Norfolk Southern Corporation
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Norfolk Southern Investors Reject Plan to Oust Its Management
An activist investment firm failed to replace the railroad’s top executive and all its directors, but did win three seats on its board.
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Activist Ancora Wins Three Norfolk Southern Board Seats but Will Not Oust CEO
An activist investment firm failed to replace the railroad’s top executive and all its directors, but did win three seats on its board.
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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.
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Norfolk Southern Settles Derailment Suit for $600 Million
The railroad company will pay residents and businesses in East Palestine, Ohio, and the surrounding area after a derailment last year.
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U.S. Finalizes Rule Requiring Two-Person Crews on Freight Trains
The regulation ensures that the nation’s largest freight railroads will not be able to reduce the number of workers aboard their trains from today’s status quo.
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Norfolk Southern Agrees to Try Out Federal Safety Reporting Program
The company, which operated the train that derailed in East Palestine, Ohio, is the first major freight railroad to join a federal program that allows workers to report safety issues.
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Since the East Palestine, Ohio, Train Derailment, Accidents Have Risen
The total number of accidents for the top five freight railroads increased, and Congress still hasn’t passed legislation to prevent similar disasters.
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Freight Railroads Seek Changes to Federal Safety Program Before Joining It
After the derailment in East Palestine, Ohio, the nation’s major freight railroads agreed to join a federal program for workers to report safety issues. But first, they want it to be overhauled.
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Blocked Rail Crossings Snarl Towns, but Congress Won’t Act
The industry has used its muscle to prevent federal, state and local governments from penalizing companies that park freight trains across roads for hours or days.
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When Trains Block a Road, Local Officials Have Few Options
The federal government has begun offering $3 billion for bridges and tunnels, but many local governments say they cannot take advantage of the money.