The federal government agreed to a modest $15 million fine for Norfolk Southern over last year’s disastrous derailment in East Palestine, Ohio.
FILE - Debris from a Norfolk Southern freight train lies scattered and burning along the tracks on Feb. 4, 2023, the day after it derailed in East Palestine, Ohio. A federal judge has signed off Tuesday, May 21, 2024, on the $600 million class action settlement over last year's disastrous Norfolk Southern derailment in eastern Ohio, but many people who live near East Palestine are still wondering how much they will end up with out of the deal.
But the railroad won't face criminal charges, and this latest settlement won't add anything to Norfolk Southern's roughly $1.7 billion in total costs related to the derailment because the Atlanta-based company was already anticipating those costs.in the fourth quarter of last year even with the derailment costs. The railroad's CEO received $13.4 million in total compensation last year.
But resident Misti Allison said it is encouraging to see the investigations and lawsuits against the railroad start to wrap up, and the cleanup is expected to be done sometime later this year. The safety improvements Norfolk Southern promised to follow through on include adding about 200 more trackside detectors to spot mechanical problems. It has alsoin more than a dozen advanced inspection portals that use an array of cameras to take hundreds of pictures of every passing railcar. The railroad estimated that those improvements will cost $244 million through 2025.
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Norfolk Southern will pay modest $15 million fine as part of federal settlement over Ohio derailmentThe federal government agreed to a modest $15 million fine for Norfolk Southern over last year’s disastrous derailment in East Palestine, Ohio. The Environmental Protection Agency and Justice Department announced the agreement Thursday, two days after a federal judge signed off on the railroad’s $600 million class action settlement with residents.
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