Norfolk Southern CEO to tell senators how he plans to 'make it right' after Ohio derailment
Publishing timestamp: 2023-03-09 00:01:01
Summary
Norfolk Southern CEO Alan Shaw will testify before a Senate panel to address the environmental and public health threats resulting from a train derailment in East Palestine, Ohio. Shaw will apologize for the impact of the derailment and outline the company's plans to clean up the site and provide financial assistance to affected residents and first responders. The hearing will also discuss the Railway Safety Act of 2023, which aims to enhance safety procedures for trains transporting hazardous materials. Norfolk Southern is facing multiple investigations and reviews by government agencies following the derailment. The company has announced plans to create a new regional training center for first responders and expand its Operation Awareness and Response program.
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Tickers: NSC,
Keywords: business news, transportation, business, norfolk southern corp, environment, politics,
Source: https://www.cnbc.com/2023/03/09/norfolk-southern-ceo-senate-testimony.html