Government, Business, Safety, Logistics

Railroads Must Report Hazmat Immediately After Derailment

OMAHA, Neb. — A new federal rule aims to ensure first responders can find out what hazardous chemicals are on a train almost immediately after a derailment so they can respond appropriately.

Josh Funk | Associated Press
June 24, 2024
Government, Business, Safety, Logistics

Norfolk Southern to Pay $15 Million Fine Over Derailment

The federal government agreed to a $15 million fine for Norfolk Southern over the derailment in East Palestine, Ohio, and the railroad promised to pay $300 million to improve safety.

Josh Funk | Associated Press
May 23, 2024
Government, Business, Safety

Judge Signs Off on $600M Ohio Train Derailment Settlement

A federal judge has signed off on the $600 million class action settlement over last year’s disastrous Norfolk Southern derailment in eastern Ohio.

Josh Funk | Associated Press
May 22, 2024
Business, Logistics

Activist Investor Wins 3 Norfolk Southern Board Seats

Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted May 9 to elect three of the board members an activist investor nominated.

Josh Funk | Associated Press
May 9, 2024
Government, Business, Safety, Logistics

FRA: Union Pacific Undermined Regulators’ Safety Efforts

OMAHA, Neb. — Union Pacific managers undermined the U.S. government’s efforts to assess safety at the railroad in the wake of several high-profile derailment, federal regulators say.

Josh Funk | Associated Press
May 1, 2024
Government, Business, Safety

BNSF Signs On to Federal Safety Hotline for Some Workers

OMAHA, Neb. — BNSF will become the second major freight railroad to allow some of its employees to report safety concerns anonymously through a federal system without fear of discipline.

Josh Funk | Associated Press
April 26, 2024
Business, Logistics, Global Freight

Union Pacific’s First-Quarter Profit Creeps Up 1%

OMAHA, Neb. — Union Pacific’s first-quarter profit crept 1% higher as the railroad tightened up on expenses — particularly its fuel bill — even though it delivered slightly less freight.

Josh Funk | Associated Press
April 25, 2024
Business, Safety, Logistics

Norfolk Southern Reports Lower Earnings After Settlement

Norfolk Southern’s first-quarter earnings report gave the railroad the opportunity to publicly defend CEO Alan Shaw’s strategy again before investors decide on May 9 whether to back him.

Josh Funk | Associated Press
April 24, 2024
Business, Logistics

CSX Profit Drops 10% Despite 3% More Q1 Freight

CSX’s first-quarter profit slipped 10% even though the railroad delivered 3% more goods, as the mix of shipments it handled shifted toward less profitable items.

Josh Funk | Associated Press
April 17, 2024
Government, Business, Safety

Norfolk Southern to Pay $600M in Settlement Over Derailment

Norfolk Southern has agreed to pay $600 million in a class-action lawsuit settlement related to a fiery train derailment in February 2023 in eastern Ohio.

Josh Funk | Associated Press
April 9, 2024