Norfolk Southern's quarterly profits were again inflated by insurance payments related to its disastrous 2023 derailment in eastern Ohio, but even without that, the railroad's profits still grew. The Atlanta-based railroad reported a major rebound in its results Wednesday with $750 million profit,

Norfolk Southern posted higher profits in the first quarter despite flat revenue and the impact of harsh winter weather. “There’s a lot to be pleased with this quarter,” CEO Mark George said, including delivering financial results in line with expectations despite a “vicious winter” that included 18 storms.

U.S. railroad operator Norfolk Southern reported a fall in its first-quarter revenue on Wednesday, due to lower fuel surcharges and impact from winter storms, and reaffirmed its annual forecast.