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- PR Newswire
Norfolk Southern reaches agreement to resolve federal East Palestine derailment claims and investigations
Norfolk Southern Corporation (NYSE: NSC) has reached an agreement on a consent decree with the U.S. Department of Justice (DOJ), U.S. Environmental Protection Agency (EPA), and U.S. Department of the Interior (DOI) to resolve all their claims and investigations arising from the derailment in East Palestine, Ohio.
- Associated Press Finance
Norfolk Southern will pay modest $15 million fine as part of federal settlement over Ohio derailment
The federal government agreed to a modest $15 million fine for Norfolk Southern over last year's disastrous derailment in East Palestine, Ohio, and the railroad promised to pay more than $300 million to complete the efforts to improve safety that it announced after the crash and address community health concerns. 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. In addition to the civil penalty, Norfolk Southern agreed to reimburse the EPA an additional $57 million in response costs and set up a $25 million health care fund to pay for 20 years of medical exams in the community.
- PR Newswire
Norfolk Southern to present at Wolfe 17th Annual Global Transportation and Industrials Conference
Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Operating Officer John Orr will make a presentation at the Wolfe 17th Annual Global Transportation and Industrials Conference. Details on joining the presentation follow below.
