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Norfolk Southern agrees to $310 million federal settlement over Ohio train derailment - TL;DR CNBC

Norfolk Southern agrees to $310 million federal settlement over Ohio train derailment

Publishing timestamp: 2024-05-23 15:40:11


Summary

Norfolk Southern agrees to pay $310 million to settle charges over toxic train derailment in Ohio, with majority going to cleanup costs. The company will also pay a $15 million fine for alleged violations of the Clean Water Act. The settlement includes measures to improve rail safety and provide health monitoring and mental health services for surrounding communities.


Sentiment: MIXED

Tickers: NSC

Keywords: michael stanley reganpalestinebreaking news: businessbusinesstransportationnorfolk southern corpbusiness news

Source: https://www.cnbc.com/2024/05/23/norfolk-southern-agrees-to-310-million-settlement-over-train-derailment-east-palestine-ohio.html


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