The cost does not assume any recovery from insurance. The money spent so far comes to $55 million, according to CFO Mark George. The $387 million is an estimate on both money spent so far as well as future costs. But neither he nor the railroad’s financial report gave details about the continuing costs of that slowdown, and whether or not that is included in the $387 million cost estimate. The track is on a major route for the railroad, carrying freight between Chicago and the eastern United States. One month later, people living near a toxic train derailment wonder if their lives will ever be back on track The double track should be restored in early June.Įmpty railroad tracks stand at the CSX Oak Point Yard, a freight railroad yard on Octoin the Bronx borough of New York City. Shaw said the remediation under one of the tracks was completed last week, and it is starting now under the other track. It continues to run trains at slower than normal speeds over the affected tracks. When it removed the double track at the site in order to get rid of the contaminated soil, it replace that with one temporary track. ![]() Shaw said the continued effort to clean the derailment site is still impacting the railroad’s operations. We are going to learn from this accident to become an even safer company.” “We are a safe railroad,” he told analysts. He said despite that incident and a series of other derailments by its trains in the quarter, derailments were actually down compared to the first quarter of 2022. On a quarterly earnings call Wednesday, CEO Alan Shaw repeated earlier statements that the railroad intends to make things right for East Palestine and nearby communities affected by the derailment. But that is a fraction of the money it continues to make. The railroad said it has already committed $30.9 million in compensation and other support to the community. Revenue at the railroad was up 7% to $3.1 billion.Ī derailment on February 3 caused evacuations and massive clean-up efforts in East Palestine. Net income would have improved to $759 million. Without the charge for the derailment, the railroad said income from rail operations would have totaled $1.1 billion in the quarter, comparable to a year ago. ![]() The Atlanta-based company reported it earned $466 million last quarter, down from the $703 million it earned in the same quarter a year earlier. That dragged profit lower by about a third. CNN Sans ™ & © 2016 Cable News Network.Norfolk Southern said a February derailment that released massive amounts of toxic chemicals in East Palestine, Ohio, cost the railroad $387 million. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account The decision to part ways with Carlson was made Friday evening by Fox Corporation chief executive Lachlan Murdoch and Fox News chief executive Suzanne Scott, a person familiar with the matter said.Ĭarlson was informed of the decision on Monday morning, a second person familiar with the matter said. 11, 2001 terrorist attacks.įox News announced earlier in the week that the network and Carlson had severed ties. On Tuesday, the right-wing network delivered its worst ratings in the advertiser-coveted 25-54 demographic for a non-holiday Tuesday audience in the 8pm hour since before the Sept. Without Carlson, Fox News has seen its ratings dip during the hour. ET hour, Carlson’s old Fox News time slot. The message was notably posted just after the 8 p.m. ![]() As long as you can hear the words, there is hope.” “Trust me as someone who has participated.”Ĭarlson concluded the video with an opaque message, “Where can you still find Americans saying true things? There aren’t many places left, but there are some. “In five years, we won’t even remember that we had them,” Carlson said. The right-wing media extremist didn’t say much in the rambling two-minute message, but he offered critical commentary on the state of television news, bashing the debates that occur on air as “unbelievably stupid” and “completely irrelevant.” Tucker Carlson broke his silence on Wednesday evening, posting a short video online after his abrupt firing from Fox News earlier in the week, but did not directly address his departure from the network nor his future.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |