Buttigieg Takes Railroads to Task on Safety
OMAHA, Neb. — Transportation Secretary Pete Buttigieg has reiterated his concerns about railroad safety and scolded the industry for not doing more to improve.
Norfolk Southern Alone Should Pay for Cleanup, Judge Says
Norfolk Southern alone will be responsible for paying for the cleanup after last year’s fiery train derailment in eastern Ohio, a federal judge ruled.
Freight Rail Layoffs Renew Concerns About Safety and Service
The latest rail layoffs, combined with an investment fund’s ongoing campaign for control of Norfolk Southern, are renewing concerns about the effects cuts might have on safety and service.
Norfolk Southern Urges Shareholders to Reject Takeover Plan
OMAHA, Neb. — Norfolk Southern wants its shareholders to back its current management team and strategy and reject a bid from a group of investors seeking to take control of the railroad.
Norfolk Southern Piloting Anonymous Employee Safety Hotline
OMAHA, Neb. — About 1,000 engineers and conductors who work for Norfolk Southern soon will be able to report safety concerns anonymously through a federal system without fear of discipline.
Norfolk Southern Q4 Profit Down 33%, Derailment Costs Rising
Norfolk Southern’s Q4 profit fell 33% due to the ever-growing costs of the cleanup of last year’s derailment in eastern Ohio, but the railroad did deliver 3% more shipments in the quarter.
Union Pacific Profit Up 1% in Q4 as Deliveries Rise
OMAHA, Neb. — Union Pacific’s fourth-quarter profit crept up 1% as the railroad delivered more fertilizer, imported goods and vehicles.
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.
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.
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.