Norfolk Southern Agrees to Pay $600M Over Derailment
This $600M agreement will settle all class-action claims in relation to the East Palestine, Ohio derailment.
Additionally, if this is approved by the court it will resolve all class-action claims within a 20-mile radius from the derailment and for residents who choose to participate, personal injury claims within a 10-mile radius from the derailment.
So far Norfolk Southern has spent over $1.1 billion in response to the derailment, with more than $104 million in direct aid to the city and its residents.
Port of Albany Receives Nearly $10M in Rail, Maritime Funds
The Port of Albany recently received almost $10M in funds from the NYS Department of Transportation Passenger and Freight Rail Assistance Program (PFRAP).
“These rail and maritime infrastructure improvements are key to ensuring regional manufacturers can transport their products to the world through the Port of Albany. It will also ensure heavy cargo and special project cargo can be transported through the facility and is a capstone to recently completed upgrades at the Port of Albany,” said Port of Albany CEO Richard Hendrick.
Projects with these funds will include improvements to heavy rail and on-dock wharf system at the Port’s current maritime terminal.
Total Weekly Rail Traffic for the Week Ending April 6th, 2024
- Total U.S. weekly rail traffic was 450,142 carloads and intermodal units – seeing an increase of 1.6% from the same time last year, per AAR data.
- Total U.S. weekly intermodal volume was 241,000 containers and trailers – seeing an increase of 7.6% compared to last year.
- Grain, chemicals, motor vehicles and parts all saw increases. While coal, non-metallic minerals, metallic ores and metals all saw decreases.
- In the first 14 weeks of this year, total North American rail volume was 9,127,511 carloads and intermodal units – seeing an increase of 2.2% from last year.
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