Norfolk Southern announced it will add an independent director to its board as part of a settlement with activist investor Ancora.

Norfolk Southern sparked renewed concerns about flaws being missed during railcar inspections when it told employees this week they should spend no more than a minute looking at each car. 

Norfolk Southern’s streamlined operations delivered strong earnings, even excluding boosts from insurance payouts related to the derailment in East Palestine and the sale of two rail lines.

A federal judge approved a $600 million class-action settlement that Norfolk Southern railroad offered to everyone who lived within 20 miles of last year’s derailment in East Palestine, Ohio.

Norfolk Southern CEO Mark George says the railroad is ready for a fresh start after a painful 18-month period involving a derailment, an activist proxy fight and the ouster of his predecessor.

Norfolk Southern said Sept. 11 it has fired CEO Alan Shaw for having an inappropriate relationship with a subordinate.

Very few people who live near the East Palestine, Ohio, train derailment opted out of a $600 million class action settlement.

Norfolk Southern Corp. opened an investigation into allegations of potential misconduct by CEO Alan Shaw amid claims he was involved in an inappropriate workplace relationship.

Norfolk Southern will invest $200 million to grow capacity on a key Alabama rail line in a freight corridor for agriculture, automotive, chemicals, forestry and steel goods.

U.S. authorities accused Norfolk Southern Corp. of causing repeated delays of Amtrak passenger trains along a lengthy route spanning New York City to New Orleans.