Ancora gains three seats on NS board, but fails to oust CEO Shaw
Ancora Capital’s $1bn push to take control of Norfolk Southern Railway (NS) has failed. NS shareholders ...
XPO: MEXICAN WAVEXPO: TALKING TURKEYDSV: SCHENKER BOOST ERODINGPLD: EARNINGS DAY JBHT: IN PRIOR CYCLES JBHT: CONF CALL QUESTION TIMEJBHT: BNSF LOGISTICS INTEGRATION JBHT: INTERMODAL 'SEASONALITY' JBHT: PRESSURE ON SALES JBHT: CEO SIMPSON REMARKSJBHT: CONF CALL WITH SELL-SIDE STARTINGJBHT: HERE COMES THE PAINJBHT: EARNINGS DAYGXO: WINCANTON LOSSESR: ALL RISE
XPO: MEXICAN WAVEXPO: TALKING TURKEYDSV: SCHENKER BOOST ERODINGPLD: EARNINGS DAY JBHT: IN PRIOR CYCLES JBHT: CONF CALL QUESTION TIMEJBHT: BNSF LOGISTICS INTEGRATION JBHT: INTERMODAL 'SEASONALITY' JBHT: PRESSURE ON SALES JBHT: CEO SIMPSON REMARKSJBHT: CONF CALL WITH SELL-SIDE STARTINGJBHT: HERE COMES THE PAINJBHT: EARNINGS DAYGXO: WINCANTON LOSSESR: ALL RISE
More than a year on from the East Palestine, Ohio, derailment and its associated chemical spill that forced residents from their homes and led to the deaths of thousands of animals, US rail operator Norfolk Southern has agreed to a $310m settlement with the government. $235m will be spent on cleaning up the contaminated air, soil, and water, while the US Department of Justice said the carrier will bear responsibility for the cost of long-term environmental monitoring and mental health services for residents, according to BBC. In total, Norfolk Southern expects the cost of the February 2023 derailment to exceed $1bn after it reached a $600m class-action settlement with the town’s residents in April.
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