Norfolk Southern shareholders will decide Thursday morning whether to back an activist investor’s bid to take over the railroad’s board and replace management. Ancora Holdings picked up significant support during the campaign from major investors like EdgePoint Investment Group, two major rail unions and some customers. But the rest of rail labor, several key regulators […]
A trio of Norfolk Southern trains suffered a collision and derailed near Easton, Pennsylvania, Saturday, the National Transportation Safety Board said. The crash happened at 7:15 a.m. in Lower Saucon Township, with no injuries suffered by the crews of the three trains, the township’s police said in a release. The NTSB’s initial assessment found that […]
A senior Environmental Protection Agency lawyer managed cleanup efforts and congressional oversight of last year’s toxic train derailment in East Palestine, Ohio, despite her husband’s law firm defending the company responsible for the wreck. Documents obtained by The Washington Times reveal that EPA Deputy General Counsel for Environmental Programs and Oversight Natalia Sorgente was allowed […]
Norfolk Southern‘s fourth-quarter profit fell 33% because of the ever growing costs of the cleanup of last year’s fiery derailment in eastern Ohio, but the railroad did deliver 3% more shipments during the quarter and even without the costs related to that toxic crash its profits still would have been down 14%. The Atlanta-based railroad […]
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