Business, Fuel

Haslams, Buffett Tangled in Accounting Spat Over Pilot

The Haslam family says majority owner Berkshire Hathaway is trying to artificially depress Pilot Travel Centers' value to lower the price it has to pay to get the remaining 20% of the company. 

Josh Funk | Associated Press
October 27, 2023
Business, Safety, Logistics

Norfolk Southern Turns to Automated Inspection Portals

Norfolk Southern has installed automated inspection portals on its tracks in Ohio — not far from where one of its trains went off the tracks in February and spilled chemicals that caught fire.

Josh Funk | Associated Press
October 26, 2023
Business, Safety

Norfolk Southern Profit Falls as Derailment Costs Grow

OMAHA, Neb. — The costs related to the East Palestine derailment grew to $966 million for Norfolk Southern. The railroad said Q3 profit of $478 million was half of last year’s $958 million.

Josh Funk | Associated Press
October 25, 2023
Business, Logistics

CSX Quarterly Profit Falls 24%, but Efficiency Improves

OMAHA, Neb. — CSX reported a 24% drop in the railroad’s third-quarter profit Oct. 19 as it hauled 2% less freight, but the CEO said customers are noticing that its trains are running more smoothly.

Josh Funk | Associated Press
October 19, 2023
Government, Business, Safety, Logistics

Camera Rule Slammed Because It Doesn’t Include Freight Rail

Passenger railroads will be required to install video recorders inside locomotives, but the rule excludes freight trains like the one that derailed and caught fire in East Palestine, Ohio.

Josh Funk | Associated Press
October 12, 2023
Government, Business, Safety

Government Sues Union Pacific Over Using Flawed Vision Test

The U.S. government has joined some former workers in suing Union Pacific over the way it used a vision test to disqualify workers the railroad believed were colorblind.

Josh Funk | Associated Press
October 2, 2023
Government, Business, Logistics

Biden Orders Continued Monitoring of Norfolk Southern

President Joe Biden ordered federal agencies to continue holding Norfolk Southern accountable for its February derailment in eastern Ohio and appoint a FEMA official to oversee East Palestine’s recovery, but he still stopped short of declaring a disaster.

Josh Funk | Associated Press
September 21, 2023
Government, Business, Safety

Norfolk Southern Details Plan for East Palestine Residents

Norfolk Southern announced new details about its plan to compensate East Palestine residents for lost home values since the derailment disrupted life in the eastern Ohio town in February.

Josh Funk | Associated Press
September 19, 2023
Government, Business, Safety, Logistics

Norfolk Southern CEO Promises to Keep Improving Safety

Norfolk Southern’s CEO pledged to continue working to improve safety after a consultant recommended making sure that safety is truly a priority at all levels.

Josh Funk | Associated Press
September 15, 2023
Government, Business, Safety, Logistics

Explosion at Union Pacific Railyard Prompts Evacuations

An explosion inside a container at a Union Pacific railyard prompted evacuations in western Nebraska on Sept. 14 because of the toxic smoke generated when one of the chemicals caught fire.

Josh Funk | Associated Press
September 14, 2023