IRS Exempts Norfolk Southern Relief Money from Taxes for Train Derailment Victims
In a recent announcement, the Internal Revenue Service (IRS) stated that compensation received by those affected by the February...
train derailment
Norfolk Southern Settles Ohio Train Derailment Probe for Over $373 Million
Norfolk Southern has agreed to pay over $310 million to settle the federal government's investigation into the February 2023...
Norfolk Southern Settles Ohio Derailment Probe for Over $310 Million
In a recent development, Norfolk Southern has agreed to pay over $373 million to settle the federal government's investigation...
Transnet Suspends Operations on South Africa’s Main Iron Ore Export Line
Lead: Operations on South Africa's main iron ore export line have been halted after a train derailment, impacting the...
Norfolk Southern to Pay for Cleanup of Ohio Train Derailment
Lead: A federal judge has ruled that Norfolk Southern must foot the entire bill for the cleanup of a...
Norfolk Southern Slams Activist Investor and Vows to Improve Safety
Lead: Norfolk Southern Corp. pushes back against activist investor's demand to oust CEO after a recent train derailment in...
Rio Tinto Reports Derailment of Iron Ore Train in Australia
In a top story, Rio Tinto, one of the world's largest producers of iron ore, announced that an empty...
Norfolk Southern 4Q Earnings Impacted by Train Derailment Costs
Norfolk Southern, a railroad operator, has reported a drop in fourth-quarter operating income due to a $150 million charge...
Norfolk Southern Corp. Books $150 Million Charge for Ohio Incident, Stock Drops
Norfolk Southern Corp. shares dropped in premarket trading after the rail operator reported lower-than-expected fourth-quarter profits. Net income fell...
Train Derailment Prompts Evacuation in Small Kentucky Town
In a remote part of eastern Kentucky, a train derailment has led to a chemical spill, prompting officials to...