Category: Norfolk Southern Corporation

Ari Emanuel Buys a Pro Wrestling Heavyweight

The New York Times – Business:
Ari Emanuel’s Endeavor acquires World Wrestling Entertainment to create a live event and combat sport giant.
Norfolk Southern’s Push for Profits Compromised Safety, Workers Say

The New York Times – Business:
Federal officials are investigating the railroad’s safety practices and culture after the derailment in East Palestine, Ohio, and worker deaths.
Just Dept. Sues Norfolk Southern Railroad East Palestine Train Fire

The New York Times – Business:
The lawsuit, seeking to claw back cleanup costs under the Clean Water Act, accuses the Georgia-based rail company of putting profits over safety.
Troubles at Silicon Valley Bank Rock the Global Stock Market.

The New York Times – Business:
Shares in the bank, a go-to funder of tech start-ups, have fallen more than 60 percent in the past day as investors fear for its finances, and those of similarly sized lenders.
Norfolk Southern CEO Apologizes for East Palestine Train Derailment

The New York Times – Business:
In prepared remarks released before a Senate hearing, the railroad chief executive says he is “determined to make it right” for the people of East Palestine.
N.T.S.B. Will Investigate Norfolk Southern’s Safety Practices

The New York Times – Business:
The agency said it was opening a special inquiry because the railway has had several significant accidents since late 2021.
Rail Heat Sensors, Under Scrutiny in Ohio Crash, Face Few Regulations

The New York Times – Business:
Safety experts said the East Palestine derailment might not have happened had Norfolk Southern placed sensors closer together. The federal government doesn’t require or regulate their use.
Norfolk Southern Train Derails in Ohio, With 20 Cars Leaving Tracks

The New York Times – Business:
Officials said no hazardous materials were being transported. The crash in Springfield on Saturday happened just over a month after the East Palestine derailment.
Lawmakers Propose Legislation to Tighten Rail Safety Regulations

The New York Times – Business:
The train that derailed in Ohio was exempt from some federal safety requirements because it was not carrying enough hazardous material to be considered “high hazard.” Lawmakers want to lower the threshold.
Norfolk Southern’s Profits and Accident Rates Rose Before Ohio Derailment

The New York Times – Business:
Safety experts say a focus on financial returns may be partly to blame for derailments and accidents like the one in Ohio.
Supreme Court Debates Pennsylvania Law Opening Courts to Suits Against Companies

The New York Times – Business:
A novel Pennsylvania law requires corporations that do business in the state to consent to being sued there, even if the suits have nothing to do with the state.