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The cleanup costs for Norfolk Southern's Ohio derailment have surged to $803 million, with additional expenses still under negotiation.
The cleanup costs following Norfolk Southern’s disastrous derailment in Ohio have more than doubled, totaling $803 million. The high expenses are due to the cleanup of released hazardous chemicals, legal fees, and assistance provided to the local community. Notably, the final amount is yet to be determined as negotiations for long-term health effects, home value decline, and water issues are ongoing. Meanwhile, the company expects to recoup some costs through insurance and lawsuits against other implicated parties.
Source: Transport Topics
But.? Who set the standards and regulations that allowed Norfolk Southern to operate. I see a regulatory bureaucracy that failed. Yet the bureaucacy disavows responsibility when their policies fail.
— Ken Rapp (@SentientKenRapp) July 28, 2023
Canadian rail operations to resume Monday amid labor dispute. Teamsters plan legal challenge despite government intervention.
9,000 railway workers locked out in Canada, risking $250M daily losses. Government orders arbitration to end dispute and restart crucial supply chains.
Ongoing disruptions at US-Mexico rail crossings lead logistics firms to seek alternative transport routes, including trucks and maritime solutions.
Union Pacific hits a revenue high despite a dip in carloads.
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