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Derailment costs grow for Norfolk Southern but railroad's trains moving more smoothly
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FILE - Cleanup continues, Feb. 24, 2023, at the site of a Norfolk Southern freight train derailment that happened on Feb. 3 in East Palestine, Ohio. The costs related to the East Palestine derailment continue to grow to reach $966 million for Norfolk Southern, but the railroad's service is improving and its insurance companies have started to pay their share of the cost of the crash in eastern Ohio early this year. - photo by AP Photo/Matt Freed, File
OMAHA, Neb. (AP) — The costs related to the East Palestine derailment continue to grow to reach $966 million for Norfolk Southern, but the railroad's service is improving and its insurance companies have started to pay their share of the cost of the crash in eastern Ohio early this year. The Atlanta based railroad said this year's third-quarter profit of $478 million, or $2.10 per share, was half of last year's $958 million, or $4.10 per share.