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New freight crew rule tests rail industry's clout, one year after East Palestine disaster - TL;DR CNBC

New freight crew rule tests rail industry's clout, one year after East Palestine disaster

Publishing timestamp: 2024-04-02 16:33:42


Summary

One year after the East Palestine, Ohio train derailment, the Biden administration unveiled new regulations requiring freight trains to operate with at least two crew members in most circumstances. While the new rule aims to improve rail safety, it falls short of the comprehensive updates originally envisioned. Congressional funding is needed for major safety enhancements, but the freight industry opposes it. The Railway Safety Act is stalled in the Senate, highlighting the influence of the AAR's lobbying efforts.


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Keywords: csx corppete buttigiegunion pacific corpnorfolk southern corpgovernment and politicspoliticspalestinebreaking news: politicsunited statesbusiness news

Source: https://www.cnbc.com/2024/04/02/new-freight-crew-rule-tests-rail-industrys-clout-one-year-after-east-palestine-disaster.html


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