Lawsuit
A major development affecting one railroad company usually is assumed to apply to others as well, if not immediately then over the long term. Therefore, all railroad companies, especially the major carriers, are no doubt monitoring closely how much success, if any, Norfolk Southern Railroad will have in trying to force two other companies to help pay for the $600 million class-action settlement to which Norfolk agreed in connection with its February 2023 derailment near the Ohio-Pennsylvania border. Regardless of how current court proceedings conclude, railroad watchers probably ...