Norfolk Southerns profit fell 27% as it didnt collect insurance payments for Ohio derailment
Norfolk Southern railroad's first-quarter profit fell 27% because it didn't collect big insurance payments related to the East Palestine, Ohio, derailment and its planned merger with Union Pacific added to its costs. The Atlanta-based railroad said Friday that it earned $547 million, or $2. 43 per share. That's down from $750 million, or $3. 31 per share, a year ago. The disastrous derailment in the small town on the Ohio-Pennsylvania border has generally boosted earnings in recent quarters as...
Read MoreFri, 24 Apr 2026
- Norfolk Southerns profit fell 27% as it didnt collect insurance payments for Ohio derailment
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