ArabicChinese (Simplified)EnglishFrenchGermanItalianPortugueseRussianSpanish
Business

Norfolk Southern CEO Tells Congress He’s “Deeply Sorry” About the Ohio Train Derailment

A top railroad CEO plans to tell Congress that he is “deeply sorry” for last month’s flaming train derailment on the Ohio-Pennsylvania border, during what is likely the first of a series of Senate hearings on railroad safety and the response of the Biden government is leading to catastrophe.

The accident in Norfolk Southern didn’t hurt anyone, but state and local officials decided to release toxic vinyl chloride from five tank trucks and burn it, resulting in the evacuation of half of East Palestine, Ohio’s roughly 5,000 residents.

Puffs of smoke hanging over the village and residents’ outcry that they were still suffering from illnesses have brought rail safety and the transport of hazardous materials into the spotlight at the highest level.

“I am deeply sorry for the impact this lapse has had on the people of eastern Palestine and the surrounding communities, and I am committed to doing it right,” said Alan Shaw, CEO of Norfolk Southern, in prepared remarks released Wednesday, were released a day before a Senate committee on the environment and public works hearing.

The railroad has so far pledged more than $20 million to help the Ohio community recover and announced several voluntary safety improvements. But senators have promised an urgent investigation into the derailment, the company’s safety practices and emergency response after 38 railcars overturned. And federal authorities have also said Norfolk Southern needs to do more to improve safety.

“I want to hear what they did wrong, what mistakes they made,” said Sen. Tom Carper, D-Del., the chair of the Environment and Public Works Committee. “There has been a range of criticism of what they have done and that he is responding to that criticism in the record.”

The catastrophe in East Palestine, as well as a number of other recent train derailments, have sparked a demonstration of bipartisanship in the Senate. The committee will also hear on Thursday from Ohio and Pennsylvania senators — one Republican and two Democrats — pushing new safety regulations called the Railway Safety Act of 2023.

wealthThe CFO Daily Newsletter is the analysis every finance professional needs to read to get ahead. Sign up today.

Related Articles

Back to top button
ArabicChinese (Simplified)EnglishFrenchGermanItalianPortugueseRussianSpanish