(File Photo: Source for Photo: Norfolk Southern locomotives are moved through the Conway Terminal in Conway, Pa., Saturday, June 17, 2023. Norfolk Southern reports their earnings Friday, Jan. 26, 2024. (AP Photo/Gene J. Puskar)
Noah Haswell, Beaver County Radio News
(Atlanta, GA) The profits of Norfolk Southern continue to increase despite the company being involved in the East Palestine train derailment that occurred in 2023. According to a report on Wednesday from results, Norfolk Southern had $750 million in profit during the first quarter this year. A class action settlement of $600 million was paid to residents close to the derailment. Norfolk Southern also got insurance payments of almost $1 billion to cover spending of almost $2 billion.