Norfolk Southern rule that railcars should be inspected in less than a minute sparks safety worries after toxic Ohio derailment [Fortune]
Norfolk Southern Corporation (NSC)
Last norfolk southern corporation earnings: 4/29 08:00 am
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Source: Fortune
But the railroad said the rule simply reflects the current industry standard, and there are no plans for disciplining employees for missing that one-minute target. Rail unions have been raising the alarm for several years now about inspections being rushed across the industry in the wake of the railroads eliminating one-third of all the jobs as they adopted the current lean operating model that has become the standard. The Federal Railroad Administration's Chief Safety Officer Karl Alexy said the agency was already tracking inspection times closely across the industry before the new announcement from Norfolk Southern, and the agency will be watching how the railroad implements it. “If they really are going to be held to that, I'm very concerned about defects not being found, I think that is pretty quick,” Alexy said. Railroad safety concerns became widespread last year after a Norfolk Southern train derailed , spilled hazardous chemicals and caught fire in East Palestine, Ohio
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News
- Norfolk Southern Insiders Added US$5.00m Of Stock To Their Holdings [Yahoo! Finance]Yahoo! Finance
- Norfolk Southern to present at Stephens Annual Investment ConferencePR Newswire
- Norfolk Southern makes deal with investors to prevent another fight for control of the railroad [Yahoo! Finance]Yahoo! Finance
- Norfolk Southern to add new board member as part of deal with Ancora Holdings [Yahoo! Finance]Yahoo! Finance
- Norfolk Southern to Add New Director Under Settlement Deal With Ancora [Yahoo! Finance]Yahoo! Finance
NSC
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- 10/22/24 - Beat
NSC
Sec Filings
- 11/14/24 - Form 8-K
- 10/28/24 - Form 4
- 10/28/24 - Form 4
- NSC's page on the SEC website