Mayor from Ohio. (Getty image file photo.)
Each morning in the Ohio Capital Journal’s free newsletter, The Eye-Opener, we round up the news and commentary from across Ohio, the country and the world that catches our attention. We call this feature Catching Our Eye and have published it here.
Sign up for our free daily newsletter to get all the Ohio news you need to know delivered straight to your inbox every weekday morning.
If you already subscribe, please share the Ohio Capital Journal with your family and friends: https://ohiocapitaljournal.com/subscribe/
-
Norfolk South. Josh Funk of the Associated Press reports:“Norfolk Southern’s profits fell 27% because it didn’t collect large insurance premiums for the Ohio derailment.”
Norfolk Southern Railroad’s first-quarter profit fell 27% as it failed to collect gigantic insurance premiums related to East Palestine, Ohio, a derailment and a planned merger with Union Pacific that increased its costs.
The Atlanta-based railroad said Friday it earned $547 million, or $2.43 per share. That’s down from $750 million, or $3.31 per share, a year ago. A disastrous derailment in a compact town on the Ohio-Pennsylvania border has generally boosted earnings in recent quarters because the railroad collected insurance premiums, but that wasn’t the case this time, so combined with merger-related planning costs, earnings per share were reduced by 22 cents. Last year’s results were also influenced by some land sales.
Without these unusual costs, the railroad’s profits would have exceeded Wall Street estimates. Analysts polled by FactSet Research predicted the railroad would earn $2.51 per share.
-
Springfield. WYSO’s Kathryn Mobley reports: “Springfield resident, plaintiff in national TPS lawsuit, soon found his way to the Supreme Court.”
On April 29, the U.S. Supreme Court will hear oral arguments challenging the Trump administration’s attempts to strip Haiti and Syria of ephemeral protected status. One of the plaintiffs is Springfield resident Vilès Dorsainvil.
As of 2021, he lives in the Springfield community under TPS, founded the Haitian Support Center and is its executive director. Dorsainvil is also an dynamic Moravian pastor.
-
Newsrooms. Kendall Crawford of Ohio Newsroom reports: “This Ohio newspaper avoids the Internet. Its readers like it.”
Every week, Milo Miller is responsible for publishing an article. Instead of relying on a newsroom full of reporters and columnists, his newspaper, The Budget, analyzes handwritten letters from across the country.
“These were the letters that arrived today,” he said, looking through a basket of letters. “[There’s] Williamsburg, Kentucky; Millersburg, Ohio; Rexford Montana…”
The content of each snail mail will be printed in the next issue of the weekly and sent throughout the country to several dozen thousand readers.YOU MAKE OUR WORK POSSIBLE.
