INSIDER
Not long after a Norfolk Southern train derailed and caught fire in eastern Ohio in February 2023 the railroad started to repeat its promise that it would “make it right” in East Palestine.
Norfolk Southern’s first quarter profits got another boost from insurance payments related to its disastrous 2023 derailment in eastern Ohio.
Norfolk Southern says it has a deal with Ancora Holdings to keep the investor from launching a repeat of this year’s campaign to take control of the railroad.
Norfolk Southern said Thursday that its new CEO’s salary will jump to $1 million now that Mark George has been promoted from chief financial officer, and he will be eligible for a $2.25 million bonus and significant stock awards for performance.
Norfolk Southern says it has fired CEO Alan Shaw for having an inappropriate relationship with a subordinate.
Norfolk Southern's board has confirmed that the railroad's CEO Alan Shaw is under investigation for potential ethical lapses.
Norfolk Southern got a boost during the second quarter from insurance payments related to last year's disastrous East Palestine derailment, but it also made progress in reducing its expenses and getting more efficient.
Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted to elect three of the board members an activist investor nominated.
Norfolk Southern's first-quarter earnings report Wednesday gave the railroad the opportunity to publicly defend CEO Alan Shaw's strategy again before investors decide on May 9 whether to back him.
The latest rail layoffs this week, combined with an investment fund's ongoing campaign for control of Norfolk Southern, are renewing concerns among unions and regulators about all the cuts hurting safety and service.
Norfolk Southern wants its shareholders to back its current management team and strategy and reject a bid from a group of investors to take control of the railroad.
Norfolk Southern's CEO pledged to continue working to improve safety after the consultant the railroad hired after the fiery Ohio derailment in February recommended making sure that safety is truly a priority at all levels and continuing many of the efforts it has already begun.
Regulators say Norfolk Southern has made improvements since a fiery Ohio derailment but still falls well short of being the “gold standard for safety” it is striving to be.
Norfolk Southern’s CEO has spoken often of safety and better service since he took the job over a year ago, but it’s safety that has dominated discussions after one of his trains derailed and caught fire in February in Ohio.
A Senate panel has approved a rail-safety measure in response to the train derailment earlier this year in East Palestine, Ohio.
Norfolk Southern’s CEO has reiterated apologies for the East Palestine train derailment and toxic chemical release as well as vows to make things right during his first testimony at the Ohio Legislature since the fiery accident.
Norfolk Southern’s CEO is apologizing to Congress and pledging millions of dollars to help East Palestine, Ohio, recover from last month's fiery train derailment.
The chief executive of one of the nation’s largest railroads is preparing to tell a Senate committee he is “deeply sorry” for the fiery derailment last month on the Ohio-Pennsylvania border.
The CEO of Norfolk Southern railroad will testify in Congress next week about last month's fiery Ohio derailment and the precautions the railroad takes to prevent similar crashes.
