With the statute of limitations to file suit against Norfolk Southern for damages inflicted by the 2023 train derailment and subsequent chemical release less than a week away, East Palestine Council announced the village and the railroad have reached a settlement.
With the statute of limitations to file suit against Norfolk Southern for damages inflicted by the 2023 train derailment and subsequent chemical release less than a week away, East Palestine Council announced the village and the railroad have reached a settlement.
East Palestine and Norfolk Southern also announced that the company will no longer build a safety training center for first responders.
Nearly two years after a train derailment sent toxic chemicals into the air, ground and water, the village of East Palestine, Ohio, and Norfolk Southern reached
Norfolk Southern and East Palestine, Ohio, reached a settlement over the February 2023 derailment that sent toxic chemicals into the area's air, soil and creeks, the village and company said in a joint statement.
SO JUST TO NOTE OFF THE TOP, THE SETTLEMENT STILL NEEDS TO BE APPROVED BY BY A FEDERAL JUDGE. BUT YEAH, WE WANTED TO HEAR WHAT PEOPLE ON THE GROUND IN EAST PALESTINE, THE ONES WHO ARE MOST IMPACTED BY THAT.
East Palestine and Norfolk Southern have announced a $22 million settlement resolving all of the village’s claims arising from the disastrous 2023 train derailment near the Ohio-Pennsylvania border th
Norfolk Southern and the Village of East Palestine have reached a $22 million settlement to resolve all claims by the village resulting from the Feb. 3, 2023, derailment and hazardous-materials release,
East Palestine and Norfolk Southern have announced a $22 million settlement after the toxic train derailment in 2023.
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.
In the fourth quarter, the railroad reported an adjusted operating income increase of 11% to $1.06 billion, even as revenues saw a slight decline of 2% to $3.02 billion. The rail earned $3.04 per share, beating the Wall Street consensus by a dime.These figures underscore the company’s effective cost management and operational efficiencies.