The transport company announced its first-quarter profit figures, which included the $387 million estimated loss associated with the derailment. MORE ⬇️
Norfolk Southern has revealed that the toxic train crash in East Palestine, Ohio, will cost the company $387 million.
"From the beginning, we have been guided by one principle: We are going to do whatever it takes to make it right for East Palestine and the surrounding areas," said Norfolk Southern President and Chief Executive Officer Alan H. Shaw in a statement."We are making progress every day and I’m proud of our people. Our response reflects our strategy of focusing on long-term priorities and value.
While the company’s net income for the period dropped by 34% compared to $1.1 billion in the first quarter of 2022, they saw a jump in operating revenue of 7%, or $217 million, compared to last year, according to Norfolk Southern’s report.
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