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Norfolk Southern's derailment insurance payments provide boost but even without that profits were up

Associated Press News
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The Atlanta -based railroad reported a major rebound in its results Wednesday with $750 million profit, or $ 3.31 per share, in the first quarter .

Last year's first quarter results were held down by the $600 million class action settlement the railroad agreed to pay residents near the East Palestine derailment.

Since last year's second quarter , Norfolk Southern has been consistently collecting more in insurance payments than it was spending on the derailment cleanup and response so its bottom line has received a boost each of the last several quarters .