Norfolk Southern Reaches $310M Settlement Over East Palestine Derailment

Norfolk Southern has agreed to a $310 million settlement with the U.S. government over a 2023 train derailment in East Palestine, Ohio, which involved hazardous materials. The settlement includes significant safety improvements, medical monitoring, and environmental cleanup. The company will also pay for long-term water monitoring and community health programs, while avoiding criminal penalties. This follows a previous $600 million class action settlement and an estimated $1 billion in total costs for addressing the incident.