Today: September 22, 2024
Today: September 22, 2024

Latest From JOSH FUNK

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Railyard explosion in Nebraska isn't expected to create any lingering problems, authorities say

Nebraska authorities don't expect any lingering problems related to Thursday's explosion of a railroad shipping container carrying an acid used to make explosives because the chemical largely burned off and any residue was contained

Railyard explosion in Nebraska isn't expected to create any lingering problems, authorities say
News

Norfolk Southern CEO promises to keep improving safety on the railroad based on consultant's report

Norfolk Southern's CEO pledged to continue working to improve safety after the consultant the railroad hired after the fiery Ohio derailment in February recommended making sure that safety is truly a priority at all levels and continuing many of the efforts it has already begun

Norfolk Southern CEO promises to keep improving safety on the railroad based on consultant's report
News

Norfolk Southern announces details of plan to pay for lost home values because of Ohio derailment

Norfolk Southern announced new details Monday about its plan to compensate East Palestine residents for lost home values since the fiery derailment disrupted life in the eastern Ohio town in February

Norfolk Southern announces details of plan to pay for lost home values because of Ohio derailment
Health|News

Missouri says clinic that challenged transgender treatment restrictions didn't provide proper care

Missouri officials struck back at one of the clinics that unsuccessfully challenged new state restrictions on gender affirming care by filing a new lawsuit accusing the clinic of failing to provide proper care for transgender minors even before the new law took effect last month

Missouri says clinic that challenged transgender treatment restrictions didn't provide proper care
Business|News

CPKC railroad lags peers in offering sick time and now some dispatchers will have to forfeit it

Not only is CPKC lagging the trend of major freight railroads agreeing to provide paid sick time to most of their workers

CPKC railroad lags peers in offering sick time and now some dispatchers will have to forfeit it
Business|News

Warren Buffett has left the table. Homeless charity asks investors to bid on meal with software CEO

The California homeless charity that received $53 million over the years from investors who wanted a private lunch with billionaire Warren Buffett has found a new business executive to auction off a meal with

Business|Economy

Warren Buffett donates again to the Gates Foundation but will cut the charity off after his death

Investor Warren Buffett has announced another $5.3 billion in charitable gifts Friday

Warren Buffett donates again to the Gates Foundation but will cut the charity off after his death
Environment|News

NTSB derailment investigation renews concerns about detectors, tank cars and Norfolk Southern

The National Transportation Safety Board’s daylong hearing on a 2023 Ohio train derailment near the Pennsylvania border is giving stakeholders plenty to think about

NTSB derailment investigation renews concerns about detectors, tank cars and Norfolk Southern
Environment|Health|News

Railroads must provide details of hazardous cargo immediately after a derailment under new rule

A new federal rule aims to ensure first responders can find out what hazardous chemicals are on a train after a derailment, so they can respond appropriately

Railroads must provide details of hazardous cargo immediately after a derailment under new rule
Environment|News|Technology

Norfolk Southern said ahead of the NTSB hearing that railroads will examine vent and burn decisions

Days before the National Transportation Safety Board is set to explain why first responders were wrong to blow open five tank cars and burn the toxic chemical inside after the East Palestine derailment, Norfolk Southern said Friday it plans to lead an industrywide effort to improve the way those decisions are made

Norfolk Southern said ahead of the NTSB hearing that railroads will examine vent and burn decisions
Business

Union Pacific's first-quarter profit creeps up 1% as railroad limits expenses

Union Pacific's first-quarter profit crept 1% higher and topped Wall Street expectations as the railroad tightened up on expenses even though it delivered slightly less freight

Union Pacific's first-quarter profit creeps up 1% as railroad limits expenses
Business

Norfolk Southern's earnings offer railroad chance to defend its strategy ahead of board vote

Norfolk Southern's first-quarter earnings report Wednesday gave the railroad the opportunity to publicly defend CEO Alan Shaw's strategy again before investors decide on May 9 whether to back him

Norfolk Southern's earnings offer railroad chance to defend its strategy ahead of board vote
Business

Regulators pleased Union Pacific is using fewer temporary shipping limits

Union Pacific dramatically reduced its use of temporary limits on some businesses’ shipments over the past year after its customers complained

Regulators pleased Union Pacific is using fewer temporary shipping limits
Business

Norfolk Southern urges shareholders to reject activist investor's takeover plan at the railroad

Norfolk Southern wants its shareholders to back its current management team and strategy and reject a bid from a group of investors to take control of the railroad

Norfolk Southern urges shareholders to reject activist investor's takeover plan at the railroad
Business

Norfolk Southern's fourth-quarter profit falls 33% as Ohio derailment costs continue to grow

Norfolk Southern's fourth-quarter profit fell 33% because of the ever growing costs of the cleanup of last year's fiery derailment in eastern Ohio

Norfolk Southern's fourth-quarter profit falls 33% as Ohio derailment costs continue to grow
Business

Haslams say Warren Buffett's Berkshire wants to take money out of their pockets in truck stop deal

The billionaire Haslam family says in a lawsuit that Warren Buffett and Berkshire Hathaway are trying to artificially depress the price the company is obligated to pay for the family’s remaining 20% stake in the Pilot Travel Centers truck stop company after paying nearly $11 billion since 2017 for the first 80% it bought

Haslams say Warren Buffett's Berkshire wants to take money out of their pockets in truck stop deal
Business

Warren Buffett's company joins oil-buying frenzy this week by resuming its Occidental Petroleum buys

Investor Warren Buffett joined the recent oil-buying spree in the market this week by resuming Berkshire Hathaway's purchases of Occidental Petroleum stock for the first time in four months

Warren Buffett's company joins oil-buying frenzy this week by resuming its Occidental Petroleum buys
Business

Derailment costs grow for Norfolk Southern but railroad's trains moving more smoothly

Norfolk Southern's costs related to the East Palestine derailment have grown to reach $966 million

Derailment costs grow for Norfolk Southern but railroad's trains moving more smoothly
Business|Economy

Key Boeing supplier Spirit AeroSystems is laying off 450 after production of troubled 737s slows

A key Boeing supplier that makes the fuselages for its popular 737 Max airplanes is laying off about 450 workers

Key Boeing supplier Spirit AeroSystems is laying off 450 after production of troubled 737s slows
Business|Economy

Warren Buffett's Berkshire Hathaway reveals new $7 billion stake in Swiss insurer Chubb

Warren Buffett’s Berkshire Hathaway is disclosing a new $7 billion stake in fellow insurer Chubb

Warren Buffett's Berkshire Hathaway reveals new $7 billion stake in Swiss insurer Chubb
Business|Economy

CSX profit drops 10% despite railroad delivering 3% more freight in first quarter

CSX railroad's first-quarter profit slipped 10% even though the railroad delivered 3% more goods as the mix of shipments it handled shifted to a less-profitable mix

CSX profit drops 10% despite railroad delivering 3% more freight in first quarter
Business|Economy

Union Pacific profit up 1% as the railroad delivers more fertilizer, imported goods and vehicles

Union Pacific's fourth-quarter profit crept up 1% as the railroad delivered more fertilizer, imported goods and vehicles

Union Pacific profit up 1% as the railroad delivers more fertilizer, imported goods and vehicles
Business|Economy

CSX 4Q profit slips but railroad keeps its trains running smoothly and predicts profitable 2024

CSX's fourth-quarter profit slipped 13%, but the railroad reported hauled slightly more freight and kept its trains running smoothly

CSX 4Q profit slips but railroad keeps its trains running smoothly and predicts profitable 2024
Business|Economy

Warren Buffett's firm reports $12.8 billion loss as investments fall but its insurers performed well

Warren Buffett's company has reported a $12.8 billion loss as the paper value of its investments fell, but the companies it owns — particularly the insurers — generally performed well

Warren Buffett's firm reports $12.8 billion loss as investments fall but its insurers performed well
Business|Economy

CSX boss wants railroad to keep improving service as profit falls 24%

CSX reported a 24% drop in the railroad's third-quarter profit Thursday as it hauled 2% less freight

CSX boss wants railroad to keep improving service as profit falls 24%

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