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The US National Transportation Safety Board said Tuesday that it is opening of a special investigation at Norfolk Southern’s (New York Stock Exchange:NSC) practices and safety culture following a series of derailments and fatal accidents that the railway
“Given the number and significance of the recent Norfolk Southern accidents, the NTSB also urges the company to take immediate steps today to review and evaluate its safety practices,” the NTSB said.
The announcement came just hours after a Norfolk Southern (NSC) driver was dead after being hit by a dump truck at a Cleveland-Cliffs (CLF) workplace in Ohio, prompting the Fifth NTSB investigation involving the railroad since December 2021.
Norfolk Southern (NSC) was already under significant scrutiny since a train jumped the tracks in East Palestine, Ohio, on February 3, spilling toxic chemicals; a second derailment in Ohio occurred last week.
Also, a union representing Norfolk Southern (NSC) workers in Ohio warned federal regulators last year that the company repeatedly ignored its own safety rules to control the trains, Bloomberg reported Tuesday.
CEO Alan Shaw is scheduled to testify before a US Senate committee on Thursday.
Norfolk Southern’s (NSC) biggest problem is falling economic growth, not the East Palestine crisis, writes Leo Nelissen in an analysis recently published in Seeking Alpha.
