The railroad operator’s earnings rose above expectations in the fourth quarter, as the company continued to recover financially from a costly 2023 derailment in Ohio.
Norfolk Southern and the Village of East Palestine have reached a $22 million settlement to resolve all claims by the village resulting from the Feb. 3, 2023, derailment and hazardous-materials release,
Norfolk Southern's solid fourth quarter — combined with the optimism the railroad is hearing from their customers and support they’re getting from Washington D.C. — has the CEO feeling optimistic about 2025.
The Village of East Palestine and Norfolk Southern have announced a $22 million settlement resolving all of the village’s claims arising from a disastrous train derailment near the Ohio-Pennsylvania border in 2023.
Norfolk Southern Corporation (NYSE: NSC) announced Wednesday its fourth quarter and full-year 2024 financial results. For the quarter, revenue was $3.0 billion, income from railway operations was $1.1 billion,
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A final multi-million dollar settlement was reached in the toxic February 2023 trail derailment in Ohio, according to new information.
With the statute of limitations to file suit against Norfolk Southern for damages inflicted by the 2023 train derailment and subsequent chemical release less than a week away, East Palestine Council announced the village and the railroad have reached a settlement.
In the fourth quarter, the railroad reported an adjusted operating income increase of 11% to $1.06 billion, even as revenues saw a slight decline of 2% to $3.02 billion. The rail earned $3.04 per share, beating the Wall Street consensus by a dime.These figures underscore the company’s effective cost management and operational efficiencies.
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NSC Earnings: Norfolk Southern Railroad on Track for 2025 After Strong Q4 Earnings
Norfolk Southern sees notable operating ratio improvement in Q4
Norfolk Southern Corporation (NYSE:NSC) posted a mixed Q4 earnings report, with railway operating revenue down 2% year-over-year to $3.0 billion. Adjusting for the Eastern Ohio incident and restructuring and other costs,
Tariffs are an uncertainty but not a worry, railroad operator Norfolk Southern says
Norfolk Southern shares bounced Wednesday, as the railroad operator helped dispel fears about potential tariffs that had caused a selloff in the previous session.
A settlement has been reached between Norfolk Southern and East Palestine, Ohio, after a 2023 derailment left hazardous waste and more behind.
East Palestine and Norfolk Southern also announced that the company will no longer build a safety training center for first responders.
Norfolk Southern has suffered another derailment — although this one, thank goodness, was more an inconvenience than a disaster.
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