Norfolk Southern derailment cost company $387 million

Norfolk Southern toxic train derailment costs company at least $387M

First-quarter 2023 income from railway operations dropped 34% compared to the first quarter of last year, Norfolk Southern said in its three-month earnings report that included a $387 million cost for February's derailment.

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.

Norfolk Southern racks up initial $387 million charge for Ohio disaster

Norfolk Southern said Wednesday how large the initial financial charge it was accruing in connection to the derailment in Ohio’s East Palestine area.  The rail operator’s initial charge has come in at an eye-popping $387 million, according to its latest quarterly earnings release. The reporting of the $387 million charge came roughly nearly three months after the train derailment in the small Ohio town took place.  In early February, Norfolk Sou…

Norfolk Southern says early estimate of Ohio derailment is $387M

The Atlanta-based railroad provided that estimate of the cost of the Feb. 3 derailment outside East Palestine, Ohio, Wednesday when it released its first-quarter earnings report.

Norfolk Southern: East Palestine toxic derailment to cost $387 million

The transport company announced its first-quarter profit figures, which included the $387 million estimated loss associated with the derailment.

East Palestine derailment will cost $387M, Norfolk Southern estimates

Editor's Note: The video above is previous coverage on this story. OMAHA, Neb. (AP) — Norfolk Southern 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. The railroad provided a detailed estimate of the cost of Feb. 3 derailment outside East Palestine, Ohio, Wednesday along with first-quarter ea…