Government, Business, Safety, Logistics

Norfolk Southern Profits Lifted by Insurance Payments

Norfolk Southern got a boost during the second quarter from insurance payments related to last year’s disastrous derailment, but it also made progress on its own.

Josh Funk | Associated Press
July 25, 2024
Business, Logistics, Global Freight

Union Pacific Profit Grows 7%

OMAHA, Neb. — Union Pacific delivered 7% growth in its second-quarter profit even though the number of shipments it hauled remained essentially flat.

Josh Funk | Associated Press
July 25, 2024
Government, Business, Safety, Logistics

Railroads Must Report Hazmat Immediately After Derailment

OMAHA, Neb. — A new federal rule aims to ensure first responders can find out what hazardous chemicals are on a train almost immediately after a derailment so they can respond appropriately.

Josh Funk | Associated Press
June 24, 2024
Government, Business, Safety, Logistics

Norfolk Southern to Pay $15 Million Fine Over Derailment

The federal government agreed to a $15 million fine for Norfolk Southern over the derailment in East Palestine, Ohio, and the railroad promised to pay $300 million to improve safety.

Josh Funk | Associated Press
May 23, 2024
Government, Business, Safety

Judge Signs Off on $600M Ohio Train Derailment Settlement

A federal judge has signed off on the $600 million class action settlement over last year’s disastrous Norfolk Southern derailment in eastern Ohio.

Josh Funk | Associated Press
May 22, 2024
Business, Logistics

Activist Investor Wins 3 Norfolk Southern Board Seats

Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted May 9 to elect three of the board members an activist investor nominated.

Josh Funk | Associated Press
May 9, 2024
Government, Business, Safety, Logistics

FRA: Union Pacific Undermined Regulators’ Safety Efforts

OMAHA, Neb. — Union Pacific managers undermined the U.S. government’s efforts to assess safety at the railroad in the wake of several high-profile derailment, federal regulators say.

Josh Funk | Associated Press
May 1, 2024
Government, Business, Safety

BNSF Signs On to Federal Safety Hotline for Some Workers

OMAHA, Neb. — BNSF will become the second major freight railroad to allow some of its employees to report safety concerns anonymously through a federal system without fear of discipline.

Josh Funk | Associated Press
April 26, 2024
Business, Logistics, Global Freight

Union Pacific’s First-Quarter Profit Creeps Up 1%

OMAHA, Neb. — Union Pacific’s first-quarter profit crept 1% higher as the railroad tightened up on expenses — particularly its fuel bill — even though it delivered slightly less freight.

Josh Funk | Associated Press
April 25, 2024
Business, Safety, Logistics

Norfolk Southern Reports Lower Earnings After Settlement

Norfolk Southern’s first-quarter earnings report gave the railroad the opportunity to publicly defend CEO Alan Shaw’s strategy again before investors decide on May 9 whether to back him.

Josh Funk | Associated Press
April 24, 2024