The Feb. 3 derailment and fire outside East Palestine, Ohio, sent chemicals into the air.
February’s fiery Ohio derailment
The railroad provided a detailed estimate of the cost of Feb. 3 derailment outside East Palestine, Ohio, Wednesday along with first-quarter earnings. That derailment, and others since then, sparked a nationwide focus on railroad safety. Regulators and members of Congress have proposed reforms like capping freight trains lengths and setting standards for the trackside detectors used to spot problems.
That estimate doesn’t include money Norfolk Southern, based in Atlanta, will put into funds to help cover any long-term health issues, protect drinking water and compensate residents for the loss in their property values because the details are still being worked out with Ohio’s attorney general. The railroad will also have to reimburse the Environmental Protection Agency for its oversight of the cleanup.
Norfolk Southern executive Nabanita Nag, left, and CEO Alan Shaw during a hearing before a Pa. Senate committee at the state Capitol in Harrisburg, March 20, 2023. , including more than 1,000 more trackside detectors. But they’re not likely to totally abandon the lean operating model adopted over the past six years that labor unions say has made the industry riskier because so many jobs have been cut.
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