Norfolk Southern CEO set to quit following misconduct allegation
Norfolk Southern chief executive and president Alan Shaw is reportedly set to resign amidst a ...
XPO: TOUR DE FORCEBA: SUPPLY IMPACTHLAG: GROWTH PREDICTIONHLAG: US PORTS STRIKE RISKHLAG: STATE OF THE MARKETHLAG: UTILISATIONHLAG: VERY STRONG BALANCE SHEET HLAG: TERMINAL UNIT SHINESHLAG: BULLISH PREPARED REMARKSHLAG: CONF CALLHLAG: CEO ON TRADE RISKAMZN: HAUL LAUNCHCHRW: CASHING INKNIN: IMC DEAL DISCLOSUREDSV: WEAKENINGMFT: TRADING UPDATEBA: SUPPLIER WOES
XPO: TOUR DE FORCEBA: SUPPLY IMPACTHLAG: GROWTH PREDICTIONHLAG: US PORTS STRIKE RISKHLAG: STATE OF THE MARKETHLAG: UTILISATIONHLAG: VERY STRONG BALANCE SHEET HLAG: TERMINAL UNIT SHINESHLAG: BULLISH PREPARED REMARKSHLAG: CONF CALLHLAG: CEO ON TRADE RISKAMZN: HAUL LAUNCHCHRW: CASHING INKNIN: IMC DEAL DISCLOSUREDSV: WEAKENINGMFT: TRADING UPDATEBA: SUPPLIER WOES
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.
Comment on this article