The U.S. Countrywide Transportation Security Board said Tuesday it is opening a specific investigation into Norfolk Southern’s (NYSE:NSC) protection methods and society pursuing a sequence of derailments and fatal accidents involving the railroad.
“Supplied the number and significance of modern Norfolk Southern incidents, the NTSB also urges the organization to choose speedy motion right now to evaluate and assess its protection procedures,” the NTSB reported.
The announcement came just hrs right after a Norfolk Southern (NSC) conductor was killed following getting hit by a dump truck at a Cleveland-Cliffs (CLF) worksite in Ohio, prompting the NTSB’s fifth investigation involving the railroad because December 2021.
Norfolk Southern (NSC) already was below major scrutiny since a teach jumped the tracks in East Palestine, Ohio, on February 3, spilling harmful chemical compounds a next derailment in Ohio occurred last 7 days.
Also, a union symbolizing Norfolk Southern (NSC) employees in Ohio warned federal regulators past yr that the company repeatedly disregarded its personal safety policies for screening trains, Bloomberg noted Tuesday.
CEO Alan Shaw is scheduled to testify just before a U.S. Senate committee on Thursday.
Norfolk Southern’s (NSC) greatest problem is slipping economic growth, not the East Palestine disaster, Leo Nelissen writes in an analysis released just lately on Looking for Alpha.