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.
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.
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
9,000 railway workers locked out in Canada, risking $250M daily losses. Government orders arbitration to end dispute and restart crucial supply chains.
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