Vent and burn recommendation based on several factors indicating strong possibility of catastrophic, uncontrolled explosion threatening health and safety of the community and first responders ATLANTA, June 25, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) issued the following statement regarding the findings of the National Transportation Safety Board (NTSB) on the derailment in East Palestine, Ohio: Norfolk Southern appreciates the NTSB's investigation, recommendations for enhancing rail sa ...

ATLANTA, June 24, 2024 /PRNewswire/ -- Less than a year after the issuance of the assessment, Norfolk Southern Corporation (NYSE: NSC) has implemented measures to address the Federal Railroad Administration's (FRA) recommendations from its 2023 Safety Culture Assessment. The Assessment, issued in August 2023, made recommendations in the areas of communications, training, trust, and going above and beyond regulatory minimums. Norfolk Southern, working with its independent safety consultant AtkinsRéalis US Nu ...

ATLANTA, June 21, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) will convene a Vent and Burn Workgroup to integrate key learnings for the betterment of any future scenario where a vent and burn may be necessary. The Workgroup, which is an element of Norfolk Southern's recent settlement with the Department of Justice and Environmental Protection Agency, will be composed of leaders from across stakeholder groups who have a role to play in responding to rail accidents. Over the next six months, ...

LOS ANGELES, June 20, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE: NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders. If you are a shareholder, click here to participat ...

Company is progressing on Six-Point Safety Plan, collaborating with unions, and implementing feedback from independent safety consultant ATLANTA, June 17, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) released a 2024 Midyear Safety Report, highlighting substantial advancements to enhance railroad safety. Norfolk Southern is committed to keeping our employees and communities safe. Our progress to become the gold standard of safety is the direct result of engaging employees, safety advisors, c ...

Norfolk Southern (NSC) is hurt by weak freight conditions. Inflation-related woes have dented consumer demand for goods, in turn, affecting freight volumes hauled by rail. Supply-chain disruptions and slower network velocity are further challenges confronting the company. Costs have been high primarily due to expenses associated with the Eastern Ohio incident. Norfolk Southern's efforts to reward its shareholders through dividends and buybacks are encouraging. The company's liquidity position is also good. ...

MONSEY, N.Y., June 07, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating whether the officers and directors of Norfolk Southern Corporation (NYSE: NSC) (“NSC”) breached their fiduciary duties under Delaware law in connection with the fiery train derailment in East Palestine, Ohio, on February 3, 2023, that spewed toxic chemicals into the surrounding communities. On April 9, 2024, NSC agreed to a $600 million settlement that will pay class action claims within a 20-mile radius of ...

文章核心观点 公司与美国司法部、环保局和内政部达成和解协议,解决了东帕勒斯汀脱轨事故引发的所有索赔和调查 [1][2][3]。该协议包括支付罚款、完成环境修复、建立社区健康计划、投资铁路安全等内容 [3][4][5][6][7]。公司已经投入了约17亿美元应对这一事故,并将继续追求保险赔付和第三方索赔 [8][9][10][11]。 根据相关目录分别进行总结 环境修复 - 支付1570万美元的民事罚款,并偿还环保局约5700万美元的应急响应费用 [3] - 完成脱轨现场的清理,实施7百万美元的环境修复项目,改善该地区的水质 [4] - 持续监测地下水和地表水,预计耗资1000万至1500万美元 [4] - 建立1500万美元的饮用水监测计划,为期10年 [5] 社区健康 - 建立2500万美元的社区健康计划,为社区和应急救援人员提供长达20年的医疗体检和心理健康服务 [6] 铁路安全 - 到2025年投资2.44亿美元实施公司六点安全计划,改善安全基础设施、技术和培训 [7] 其他 - 公司已经投入约7.8亿美元用于环境响应和修复 [9] - 公司宣布6亿美元的集体诉讼和解,以及社区健康计划,满足了对东帕勒斯汀及周边地区居民长期医疗保健的承诺 [10] - 公司向社区提供了1.07亿美元的直接财务支持和承诺,用于家庭援助中心以及投资当地社区 [11]

ATLANTA, May 17, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Operating Officer John Orr will make a presentation at the Wolfe 17th Annual Global Transportation and Industrials Conference. Details on joining the presentation follow below. What: Wolfe 17th Annual Global Transportation and Industrials Conference When: May 22, 2024 at 8:00 a.m. (ET) Where: Via Webcast The presentation will be posted at www.norfolksouthern.com on the Investors page. About Norf ...

Results reflect support for leadership team and strategy ATLANTA, May 9, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced today that the preliminary vote count of its proxy solicitor indicates that its shareholders have voted to elect 10 of Norfolk Southern's director nominees at the 2024 Annual Meeting of Shareholders, including: Richard H. Anderson, former CEO of Amtrak and Delta Air Lines Philip S. Davidson, retired four-star Admiral in the U.S. Navy Francesca A. DeBiase, former EV ...