Latest News Updates From Josh Funk

GovernmentBusinessSafety

Norfolk Southern’s One-Minute Inspection Rule Sparks Concern

Norfolk Southern sparked renewed concerns about flaws being missed during railcar inspections when it told employees this week they should spend no more than a minute looking at each car. 

November 7, 2024
GovernmentBusinessLogistics

US Grants $2.4B for Rail Infrastructure Upgrades

Most of the money will go to track and bridge upgrades. Some will be used to bolster training and explore cleaner-burning alternatives to the diesel the rail industry has long relied on.

October 29, 2024
BusinessLogistics

Union Pacific’s Profit Grows 9%

OMAHA, Neb. — Union Pacific’s third-quarter profit grew 9% as the railroad delivered 6% more freight and continued to raise prices and streamline its operations.

October 24, 2024
BusinessSafetyLogistics

Norfolk Southern Tops Third-Quarter Expectations

Norfolk Southern’s streamlined operations delivered strong earnings, even excluding boosts from insurance payouts related to the derailment in East Palestine and the sale of two rail lines.

October 22, 2024
BusinessLogistics

CSX Sees 8% Profit Growth Despite Southeast Storm Damage

The Florida-based railroad is recovering from hurricanes Helene and Milton that battered its network in the Southeast. Some trains had to be rerouted as tracks are cleared and repaired.

October 16, 2024
GovernmentBusinessSafety

Judge Approves $600M Settlement for East Palestine Residents

A federal judge approved a $600 million class-action settlement that Norfolk Southern railroad offered to everyone who lived within 20 miles of last year’s derailment in East Palestine, Ohio.

September 26, 2024
GovernmentBusinessTechnologySafety

Long Trains Pose Derailment Danger, Report Says

OMAHA, Neb. — As freight trains have grown longer, the U.S. has seen an increase in the number of a certain type of derailment, the National Academies of Sciences said.

September 18, 2024
BusinessLogistics

Norfolk Southern Fires CEO Alan Shaw

Norfolk Southern said Sept. 11 it has fired CEO Alan Shaw for having an inappropriate relationship with a subordinate.

September 12, 2024
GovernmentBusinessSafety

Most Households Accept East Palestine Derailment Settlement

Very few people who live near the East Palestine, Ohio, train derailment opted out of a $600 million class action settlement.

September 10, 2024
GovernmentBusinessLogistics

Canadian Rail Union Says It Filed Suit on Back-to-Work Order

The Teamsters union that represents workers at both of Canada’s largest freight railroads has filed the lawsuits it promised challenging the orders that forced employees back to work.

August 30, 2024