/tags/norfolk-southern Norfolk Southern en-US Copyright Wed, 30 Apr 2025 19:48:36 GMT /2025-04-30/is-norfolk-southern-making-it-right-after-ohio-derailment-new-lawsuit-adds-to-doubts East Palestine and Norfolk Southern announced a $22 million settlement in January that included $13.5 million already paid to the town and formalized the railroad's additional $25 million pledge to renovating the village's park. Wed, 30 Apr 2025 19:48:36 GMT /2025-04-30/is-norfolk-southern-making-it-right-after-ohio-derailment-new-lawsuit-adds-to-doubts The Associated Press /2025-03-31/trial-will-determine-who-will-pay-600m-settlement-in-disastrous-norfolk-southern-derailment Norfolk Southern wants two other companies to help pay for the $600 million class-action settlement it agreed to over its disastrous 2023 train derailment near the Ohio-Pennsylvania border and the toxic chemicals that were released and burned. Mon, 31 Mar 2025 18:55:41 GMT /2025-03-31/trial-will-determine-who-will-pay-600m-settlement-in-disastrous-norfolk-southern-derailment Josh Funk, The Associated Press /2025-01-28/norfolk-southern-and-east-palestine-announce-22-million-settlement-after-2023-derailment The settlement is to be used for priorities the village identifies in connection with the derailment, but it also recognizes about $13.5 million that Norfolk Southern has already paid to the village, according to the joint announcement posted Monday on the village's website. Tue, 28 Jan 2025 15:29:35 GMT /2025-01-28/norfolk-southern-and-east-palestine-announce-22-million-settlement-after-2023-derailment The Associated Press /2024-09-12/norfolk-southern-sets-salary-and-bonus-for-newly-promoted-ceo-after-firing-alan-shaw Norfolk Southern said Thursday that its new CEO's salary will jump to $1 million now that Mark George has been promoted from chief financial officer, and he will be eligible for a $2.25 million bonus and significant stock awards for performance. Thu, 12 Sep 2024 15:19:58 GMT /2024-09-12/norfolk-southern-sets-salary-and-bonus-for-newly-promoted-ceo-after-firing-alan-shaw Josh Funk, The Associated Press /2024-09-09/norfolk-southern-railroad-says-its-ceo-is-under-investigation-for-alleged-ethical-lapses A spokeswoman for the Atlanta-based railroad that is one of North America's six largest declined to offer any additional details about the nature of the allegations against Alan Shaw, who was promoted to the top job in the spring of 2022 after decades at Norfolk Southern. Mon, 09 Sep 2024 18:10:14 GMT /2024-09-09/norfolk-southern-railroad-says-its-ceo-is-under-investigation-for-alleged-ethical-lapses Josh Funk, The Associated Press /2024-06-06/irs-decides-people-who-got-money-from-norfolk-southern-after-ohio-derailment-wont-be-taxed-on-it Most people who received money from Norfolk Southern in the wake of last year's fiery train derailment in eastern Ohio won't have to pay taxes on millions of dollars in aid payments after all. Thu, 06 Jun 2024 15:05:36 GMT /2024-06-06/irs-decides-people-who-got-money-from-norfolk-southern-after-ohio-derailment-wont-be-taxed-on-it Josh Funk, The Associated Press /2024-05-23/norfolk-southern-will-pay-modest-15-million-fine-as-part-of-federal-settlement-over-ohio-derailment The Environmental Protection Agency and Justice Department announced the agreement Thursday — two days after a federal judge signed off on the railroad's $600 million class action settlement with residents whose lives were disrupted. Thu, 23 May 2024 15:49:08 GMT /2024-05-23/norfolk-southern-will-pay-modest-15-million-fine-as-part-of-federal-settlement-over-ohio-derailment Josh Funk, The Associated Press /2024-05-09/activist-investor-wins-3-norfolk-southern-board-seats-but-wont-have-control-to-fire-ceo Ancora Holdings had nominated seven directors as part of a bid to take control of the railroad’s 13-member board and overhaul its operations. Thu, 09 May 2024 20:09:21 GMT /2024-05-09/activist-investor-wins-3-norfolk-southern-board-seats-but-wont-have-control-to-fire-ceo Josh Funk, The Associated Press /2024-04-30/investors-trying-to-take-control-of-norfolk-southern-railroad-pick-up-key-support Norfolk Southern's profits in the first three months of the year fell short of Wall Street expectations again, even excluding the $600 million settlement it recently announced for people who live near the East Palestine, Ohio, derailment. Tue, 30 Apr 2024 15:48:52 GMT /2024-04-30/investors-trying-to-take-control-of-norfolk-southern-railroad-pick-up-key-support /2024-04-24/norfolk-southerns-earnings-offer-railroad-chance-to-defend-its-strategy-ahead-of-board-vote The Atlanta-based railroad’s profit was down from $466 million, or $2.04 per share, a year ago even though the railroad delivered 4% more shipments during the quarter. Wed, 24 Apr 2024 16:54:53 GMT /2024-04-24/norfolk-southerns-earnings-offer-railroad-chance-to-defend-its-strategy-ahead-of-board-vote Josh Funk, The Associated Press