Published 1 year ago

Norfolk Southern derailment cost company $387 million

Summary by Ground News

Norfolk Southern spent $387 million in the first quarter to cover the damage caused by its East Palestine, Ohio, derailment in February, the company said Wednesday.

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Reuters

Norfolk Southern expects economic, inventory headwinds to pressure Q2 volume, revenue

U.S. railroad operator Norfolk Southern Corp said on Wednesday it expected inventory and economic headwinds would pressure its volume and revenue throughout the second quarter, even as demand for freight remained strong.

1 year ago·United Kingdom

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Associated Press News

Norfolk Southern estimates Ohio derailment will cost $387M

Norfolk Southern said it expects February's fiery Ohio derailment to cost it $387 million, but that total will likely increase over time and that doesn't reflect how much the railroad's

1 year ago·United States

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abc News

Norfolk Southern estimates that Ohio derailment cost $387M

Norfolk Southern said it expects February's fiery Ohio derailment to cost it $387 million, but that total will likely increase over time and that doesn't reflect how much the railroad's insurance companies will eventually cover

1 year ago·United States

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CNN

Norfolk Southern says the toxic train derailment cost it $387 million

Norfolk Southern said a February derailment that released massive amounts of toxic chemicals in East Palestine, Ohio, cost the railroad $387 million. That dragged profit lower by about a third.

1 year ago·Atlanta, United States

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KRDO

Norfolk Southern says the toxic train derailment cost it $387 million

By Chris Isidore, CNN Norfolk Southern said a February derailment that released massive amounts of toxic chemicals in East Palestine, Ohio, cost the railroad $387 million. That dragged profit lower by about a third. The Atlanta-based company reported it earned $466 million last quarter, down from the $703 million it earned in the same quarter a year earlier. Without the charge for the derailment, the railroad said income from rail operations wou…

1 year ago·Colorado Springs, United States

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KIFI

Norfolk Southern says the toxic train derailment cost it $387 million

By Chris Isidore, CNN Norfolk Southern said a February derailment that released massive amounts of toxic chemicals in East Palestine, Ohio, cost the railroad $387 million. That dragged profit lower by about a third. The company reported it earned $466 million last quarter, down from the $703 million it earned in the same quarter a year earlier. Without the charge for the derailment, the railroad said income from rail operations would have totale…

1 year ago·Idaho Falls, United States

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