U.S. District Judge Lewis Kaplan found there wasn’t a close enough connection between the statements Norfolk Southern had given about its strategic plan and accident risk to mandate disclosing “an undefined increase” in risk.

A federal judge on Thursday dismissed a lawsuit accusing Norfolk Southern of causing hundreds of millions of dollars of losses for bondholders by concealing safety risks prior to the February 2023 derailment in East Palestine,

CINCINNATI ( Cincinnati Business Courier) - The Cincinnati Southern Railway trust may face a major capital gains tax bill from the commonwealth of Kentucky on the $1.6 billion it received from Norfolk Southern after voters approved the sale of the formerly city owned railroad in 2023.

Norfolk Southern Corp. convinced a federal court to dismiss an investor lawsuit alleging that it didn’t disclose increased risk-taking practices prior to a 2023 train derailment in Ohio.

Trains are rolling again on Norfolk Southern’s Heartland Corridor after flooding on the route in southern West Virginia, eastern Kentucky, southwest Virginia, and eastern Ohio due to a storm that began on Friday.

Several lawsuits filed in Columbiana County Common Pleas Court this year against Norfolk Southern over the 2023 train derailment and chemical release are being transferred to federal court. The move to U.

It has been a year since multiple Norfolk Southern trains crashed and derailed, sending cars into the Lehigh River in Lower Saucon Township.

Entrepreneur Vivek Ramaswamy's announcement for his run for governor of Ohio caps an eventful month in the Buckeye State.

Two years after a toxic train crash in East Palestine, federal bipartisan rail safety legislation is getting a push from Ohio state lawmakers. A recently introduced bipartisan resolution in the State House calls on Congress to pass the Reducing Accidents in Locomotives Act,

The Cincinnati Southern Railway trust may face a major capital gains tax bill from the commonwealth of Kentucky on the $1.6 billion it received from Norfolk Southern after voters approved the sale of the formerly city owned railroad in 2023.