Norfolk Southern CEO set to quit following misconduct allegation
Norfolk Southern chief executive and president Alan Shaw is reportedly set to resign amidst a ...
BA: WIND OF CHANGEMAERSK: BULLISH CALLXPO: HEDGE FUNDS ENGINEF: CHOPPING BOARDWTC: NEW RECORDZIM: BALANCE SHEET IN CHECKZIM: SURGING TGT: INVENTORY WATCHTGT: BIG EARNINGS MISSWMT: GENERAL MERCHANDISEWMT: AUTOMATIONWMT: MARGINS AND INVENTORYWMT: ECOMM LOSSESWMT: ECOMM BOOMWMT: RESILIENCEWMT: INVENTORY WATCH
BA: WIND OF CHANGEMAERSK: BULLISH CALLXPO: HEDGE FUNDS ENGINEF: CHOPPING BOARDWTC: NEW RECORDZIM: BALANCE SHEET IN CHECKZIM: SURGING TGT: INVENTORY WATCHTGT: BIG EARNINGS MISSWMT: GENERAL MERCHANDISEWMT: AUTOMATIONWMT: MARGINS AND INVENTORYWMT: ECOMM LOSSESWMT: ECOMM BOOMWMT: RESILIENCEWMT: INVENTORY WATCH
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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