Businessscore 605·6 metrosupdated 4h ago

Norfolk Southern Reports 27% Drop in Profit Amid Ohio Derailment Costs

Norfolk Southern's first-quarter profit fell 27% to $547 million due to the absence of significant insurance payments from the Ohio derailment and increased merger costs. The railroad's earnings per share were impacted by 22 cents as it navigated a challenging economic environment.

Where it's breaking

Los Angeles Detroit Hampton Roads Baltimore Boston Philadelphia Miami–Ft. Lauderdale

Local coverage

#1Los Angelesscore 612d ago

Norfolk Southern Reports 27% Drop in Profit Amid Ohio Derailment Costs

#2Detroitscore 582d ago

Norfolk Southern Reports 27% Profit Drop Amid Ohio Derailment Costs

#3Hampton Roadsscore 562d ago

Norfolk Southern Reports 27% Drop in Q1 Profit Amid Merger Costs and Lack of Insurance Payments

#4Baltimorescore 542d ago

Norfolk Southern Reports 27% Drop in Q1 Profit Amid Merger Costs and Lack of Insurance Payments

#5Bostonscore 542d ago

Norfolk Southern Reports 27% Profit Drop Amid Ohio Derailment Costs

#6Philadelphiascore 502d ago

Norfolk Southern’s profit fell 27% as it didn’t collect big insurance payments for Ohio derailment

#7Miami–Ft. Lauderdalescore 362d ago

Norfolk Southern’s profit fell 27% as it didn’t collect big insurance payments for Ohio derailment

Sources cited

Original outlets that filed on this story across the contributing metros. Click through for the underlying coverage.

What this is

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