Ohio Business Owner Sues Norfolk Southern for $500M Over Derailment
Railroad's Recovery Efforts Underway as Derailment Costs Near $1B
Overview
- Edwin Wang, an Ohio business owner, has sued Norfolk Southern for $500 million due to a train derailment in February that caused most of his companies to remain closed.
- Norfolk Southern has reached confidential settlements with 11 businesses and offered $1.8 million to 55 others in response to the derailment.
- The railroad has committed nearly $102 million to the community and is working on cleaning up the mess left by the derailment, with the EPA monitoring these efforts.
- Costs associated with the derailment have reached nearly $1 billion and are expected to increase as lawsuits are resolved.
- Wang's lawsuit blames the derailment on Norfolk Southern's decision to cut its workforce and rely more on longer, heavier trains, which he and railroad unions argue has made railroads riskier.