Norfolk

Norfolk Southern Wins Dismissal of Bondholder Lawsuit Over Ohio Train Drailment – Go Health Pro

by
Norfolk Southern Wins Dismissal of Bondholder Lawsuit Over Ohio Train Drailment – Go Health Pro

A federal judge on Thursday dismissed a lawsuit accusing Norfolk Southern NSC.N of causing hundreds of millions of dollars of losses for bondholders by concealing safety risks prior to the February 2023 derailment in East Palestine, Ohio of a train carrying hazardous chemicals. U.S. District Judge Lewis Kaplan in Manhattan found no proof to support … Read more

Norfolk Southern Says Insurance to Cover At Least $750M of Ohio Derailment Costs – Go Health Pro

by
Norfolk Southern Says Insurance to Cover At Least 0M of Ohio Derailment Costs – Go Health Pro

Norfolk Southern’s solid fourth quarter — combined with the optimism the railroad is hearing from their customers and support they’re getting from Washington D.C. — has the CEO feeling optimistic about 2025. The railroad, based in Atlanta, earned $733 million, or $3.23 per share, in the fourth quarter. That’s up from $527 million, or $2.32 … Read more

x