The costs associated with Norfolk Southern's fiery February derailment in Ohio have more than doubled to $803 million as the railroad works to clean up the mess and moves forward with all the related lawsuits.
But Norfolk Southern also expects to eventually recover some of those costs from its insurance and lawsuits against other companies involved in the derailment.
This photo taken with a drone on Feb. 4, 2023, shows portions of a Norfolk Southern freight train still on fire after it derailed on Feb. 3, in East Palestine, Ohio.Without the derailment costs, Norfolk Southern says it would have earned $2.95 per share in the quarter, still well below Wall Street expectations. The analysts surveyed by FactSet Research generally expected Norfolk Southern to report earnings per share of $3.11.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Norfolk Southern says cost of fiery Ohio derailment doubles to $803 million as cleanup continuesThe $803 million cost estimate doesn't include funds to compensate the East Palestine community for any long-term health effects, drop in home values or drinking water issues.
Weiterlesen »
Norfolk Southern says cost of fiery Ohio derailment doubles to $803 million as cleanup continuesThe costs associated with Norfolk Southern's fiery February derailment in Ohio have more than doubled to $803 million as the railroad works to clean up the mess.
Weiterlesen »
Norfolk Southern’s East Palestine derailment costs hit $803 millionNorfolk Southern’s costs related to the train derailment in East Palestine, Ohio, have more than doubled to $803 million
Weiterlesen »
Cost of Ohio derailment tops $800 million, Norfolk Southern saysCosts are related to the cleanup of hazardous chemicals, legal fees and assistance it has offered to the community.
Weiterlesen »
Norfolk Southern safety train rolls into HarrisburgThe safety train, with a dedicated locomotive, specially equipped classroom boxcars, and several tank cars, allows for hands-on training.
Weiterlesen »
ODA announces increased training to keep amusement park ride enthusiasts safeAs you're enjoying all the activities they offer, the state is stepping up its safety measures to ensure you continue to have a safe and fun experience.
Weiterlesen »