The company that owned the railcar that caused the devastating East Palestine train derailment in 2023 won’t have to help pay for the $600 million settlement Norfolk Southern agreed to with residents.

GATX, the rail equipment leasing company that owned one of the railcars in the East Palestine, Ohio, derailment, will not have to pay a portion of Norfolk Southern’s $600 million settlement with residents.

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,