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
A former Ohio insurance agent was sentenced this month to five years of probation for thefts exceeding $1.4 million. Rhonda Chandler, of the Columbus area, stole and misappropriated funds, including premiums for pre-need life insurance policies, commonly known as burial or funeral insurance, according to an investigation by the Ohio Department of Insurance. The misused … Read more
ANNA, OHIO—Honda’s Anna Engine Plant has changed a little since I last visited. As we wound our way past the four-cylinder production line, the green-painted scaffolding and overhead gantries gave way to a more open expanse of the cavernous building. Conveyor belts have been replaced by little robots that move pallets around, and bright LED … Read more
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
The City of Columbus, Ohio’s state capital, has confirmed that hackers stole the personal data of 500,000 residents during a July ransomware attack. In a filing with Maine’s attorney general, Columbus confirmed that a “foreign cyber threat actor” compromised its network to access information including residents’ names, dates of birth, addresses, identification documents, Social Security … Read more
