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☆ What the proxy fight at Norfolk Southern means for railroad safety
▼ + stars: | 2024-05-08 | by ( Chris Isidore | ) edition.cnn.com time to read: +10 min

The fight has split the railroad’s unions, who disagree which management team – the current Norfolk Southern leadership or one proposed by activist investor Ancora Holdings – would be best for safety and the railroad’s employees. Norfolk Southern CEO Alan Shaw, third from left, listens to testimony during a hearing held by the Senate Commerce, Science, and Transportation Committee on March 22, 2023 in Washington, DC. The committee heard testimony on "Improving Rail Safety in response to the East Palestine Derailment." BLET said that Orr’s appointment shows that Norfolk Southern is committed to additional use of PSR, no matter which side wins the the proxy fight. On February 3rd, a Norfolk Southern Railways train carrying toxic chemicals derailed causing an environmental disaster.

Persons: Alan Shaw, Amit Bose, Win McNamee, Bose, ”, “, Jeremy Ferguson, Shaw, “ Shaw, Jerry Sturdivant, John Orr, BLET, Michael Swensen, Jim Barber, Glass Lewis, Ancora Organizations: New, New York CNN, Norfolk, Norfolk Southern, Ancora Holdings, PSR, Federal Railroad Administration, Senate Commerce, Science, Transportation, Shaw, SMART, of Locomotive Engineers, Trainmen, NS, Canadian Pacific, Canadian Pacific Kansas City, Way Employees, Norfolk Southern Railways, Teamsters, UPS, CSX, Union Pacific Locations: New York, Norfolk Southern, Atlanta, East Palestine , Ohio, Norfolk, East Palestine, Washington ,, Canadian Pacific Kansas, Palestine, ”, NS

☆ Norfolk Southern proxy fight draws heavyweight politicians and regulatory scrutiny a year after derailment
▼ + stars: | 2024-02-27 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +12 min

Norfolk Southern' has underperformed both its peers and the broader market over the last year. Norfolk Southern responded on Monday, rejecting that slate and announcing it would nominate former Amtrak CEO Richard Anderson and former U.S. For Ancora, which has a successful track record as an activist investor, the proxy fight at Norfolk Southern would be its largest ever. EdgePoint controlled 3.4 million Norfolk Southern shares as of Dec. 31, or about 1.5% of shares outstanding. Norfolk Southern has yet to set a date for the annual shareholder meeting.

Persons: Alan Shaw, Norfolk Southern Scott Mlyn, John Kasich, Donald Trump, Ancora, Shaw, Jim Barber, Jamie Boychuk, Richard Anderson, North Dakota Heidi Heitkamp, Heitkamp, Anderson, Frank Blake, Matt Freed, Joe Biden, Biden, Trump, it's, there's, Ancora's, Hunter Harrison, Norfolk Southern, Martin Oberman, Oberman, Amit Bose, Bose, Jim Chadwick, Chadwick, Ancora beneficially, Barber, Boychuk, Harrison, Mandel Ngan, Ancora's Chadwick, Amy Miles, Miles, Claude Mongeau, CNBC's Leslie Picker, Heidi Heitkamp Organizations: Norfolk Southern, CNBC, Norfolk, Ancora Advisors, EdgePoint Investment Group, Republican, Amtrak, Delta Airlines, Cargill, Home Depot, U.S, Energy, Workers, East, Trump, Biden, Southern, PSR, Federal Railroad Administration, Surface Transportation, Federal, UPS, Teamsters, Canadian, . Norfolk Southern, CSX, Deutsche Bank, AFP, Getty Locations: Norfolk Southern, East Palestine , Ohio, Ohio, Norfolk, North Dakota, Medtronic, East Palestine, Cleveland, Ancora

FRA spokesman Warren Flatau said freight railroads weren't addressed because a 2015 law Congress passed only required regulators to establish a rule for passenger railroads. But many freight railroads, including all the biggest ones that handle a majority of shipments nationwide, have installed cameras voluntarily, starting with outward-facing cameras and later adding ones showing the crews' actions. Later, lawmakers also required regulators in the 2015 law to look at requiring locomotive video recorders for passenger trains. Amtrak pledged in 2015 to install cameras on its trains after a crash in Philadelphia that killed eight people and injured about 200. “While video recorders cannot directly prevent accidents, they help maintain a higher standard of safety,” said FRA Administrator Amit Bose.

Persons: Warren Flatau, Jennifer Homendy, Homendy, there’s, ” Homendy, ”, Amit Bose Organizations: —, National Transportation Safety, Federal Railroad Administration, Railroad Association, Norfolk Southern, NTSB, Union Pacific, Metrolink, Amtrak Locations: OMAHA, Neb, Ohio, Norfolk, East Palestine, Pennsylvania, Palestine, Chatsworth , California, Chatsworth, Philadelphia

While he's willing to invest in that, mostly he wants to make sure Union Pacific's day-to-day operations are steadily improving. He's also working to speed up decision making at the railroad to help make Union Pacific more responsive to customers. We’re going to have the best service, and we’re going to have the best safety record. That will put pressure on Union Pacific’s profits. Railroad safety has been in the spotlight this year ever since a Norfolk Southern train derailed and caught fire in eastern Ohio back in February.

Persons: Jim Vena, he's, ” Vena, Vena, He's, Lance Fritz, “ We’re, Amit Bose Organizations: —, Pacific's, Union, Canadian National, Union Pacific, Federal Railroad Administration Locations: OMAHA, Neb, Union Pacific, West, Norfolk Southern, Ohio, East Palestine

(AP) — Federal inspectors said they found an alarming number of defects in the locomotives and railcars Union Pacific was using at the world's largest railyard in western Nebraska this summer, and the railroad was reluctant to fix the problems. Federal Railroad Administrator Amit Bose wrote a letter to UP's top three executives Friday expressing his concern that the defects represent a “significant risk to rail safety " on the Union Pacific railroad. But the letter didn't detail what kind of defects inspectors found in the Bailey Yard in North Platte, and there are a myriad of federal rules. “Union Pacific will never compromise on the safety of our employees. Union Pacific has a network of 32,400 miles (52,000 kilometers) of track in 23 Western states.

Persons: Amit Bose, Bose, ” Bose, carmen, Kristen, South, Jim Vena Organizations: —, Union Pacific, Federal, “, Pacific, FRA, Union Pacific's Locations: OMAHA, Neb, Nebraska, North Platte, Omaha , Nebraska, ”

☆ US agency says Norfolk Southern needs 'significant improvements'
▼ + stars: | 2023-08-09 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

A Norfolk Southern train rests near the University of North Carolina's energy generation plant in Chapel Hill, North Carolina, U.S. August 11, 2022. REUTERS/Jonathan Drake/File PhotoWASHINGTON, Aug 9 (Reuters) - U.S. railroad regulators on Wednesday said Norfolk Southern needs "significant improvements" in its safety culture after a Feb. 3 derailment in Ohio caused cars carrying toxic vinyl chloride and other dangerous chemicals to spill and catch fire. "We expect Norfolk Southern to do their part, acting on the recommendations in this assessment as well as previous ones to increase safety." Norfolk Southern said CEO Alan Shaw and members of the company’s leadership team met with Bose in Atlanta on Tuesday to review the findings. The report found Norfolk Southern had not moved quickly to embrace findings from the 2022 audit and noted little action in the last 12 months.

Persons: Jonathan Drake, Amit Bose, Alan Shaw, Bose, Shaw, We’re, David Shepardson, Jonathan Oatis, Stephen Coates Organizations: University of North, REUTERS, Norfolk, Transportation, Transportation Department's Federal Railroad Administration, Atlanta, FRA, Southern, Thomson Locations: Norfolk Southern, Chapel Hill , North Carolina, U.S, Ohio, Transportation Department's, Atlanta

☆ US offers mixed review of Norfolk Southern safety culture
▼ + stars: | 2023-08-09 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

A Norfolk Southern train rests near the University of North Carolina's energy generation plant in Chapel Hill, North Carolina, U.S. August 11, 2022. Inspections in March identified over 100 defects across 95 miles (153 km) of Norfolk Southern territory "and FRA is considering enforcement actions based on those defects. Norfolk Southern said CEO Alan Shaw and members of the company’s leadership team met with FRA Administrator Amit Bose in Atlanta on Tuesday to review the findings. The railroad delivered the report to a consultant conducting an independent review of its safety program. The report found Norfolk Southern had not moved quickly to embrace findings from the 2022 audit and noted little action in the last 12 months.

Persons: Jonathan Drake, Norfolk, Alan Shaw, Amit Bose, Shaw, Bose, We’re, David Shepardson, Chris Reese, Jonathan Oatis Organizations: University of North, REUTERS, Transportation, Transportation Department's Federal Railroad Administration, Southern, Norfolk, FRA, Thomson Locations: Norfolk Southern, Chapel Hill , North Carolina, U.S, East Palestine , Ohio, Transportation Department's, Atlanta

☆ US to conduct safety review of all major railroads -letter
▼ + stars: | 2023-06-06 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

[1/3] General view of the site of the derailment of a train carrying hazardous waste, in East Palestine, Ohio, U.S., March 2, 2023. REUTERS/Alan FreedWASHINGTON, June 6 (Reuters) - The Biden administration will conduct safety assessments of all major U.S. railroads following the Feb. 3 derailment of a Norfolk Southern (NSC.N) operated train in Ohio, according to a letter seen by Reuters on Tuesday. Bose's letter said each major railroad will be asked to "develop corrective actions in response to FRA’s recommendations, and FRA will track those to completion." A major rail trade group did not immediately comment. Last month, the U.S. Senate Commerce Committee approved rail safety legislation that tightens rules on trains carrying explosive substances.

Persons: Alan Freed WASHINGTON, Biden, Chuck Schumer, Amit Bose, Schumer, David Shepardson, Chris Reese, Nick Zieminski Organizations: REUTERS, Reuters, Federal Railroad Administration, U.S . Senate, Norfolk Southern, Thomson Locations: East Palestine , Ohio, U.S, Southern, Ohio, Norfolk

☆ Rail unions tell Biden officials workers have fallen ill at Norfolk Southern derailment site
▼ + stars: | 2023-03-01 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

Pete Buttigieg, US transportation secretary, speaks during a news conference near the site of the Norfolk Southern train derailment in East Palestine, Ohio, US, on Thursday, Feb. 23, 2023. The presidents of U.S. railroad unions told Biden administration officials that rail workers have fallen ill at the Norfolk Southern derailment site in East Palestine, Ohio, in a push for more train safety. The meeting comes on the heels of letters sent to both the DOT and the FRA Wednesday in which union representations claimed rail workers had gotten sick at the derailment site. According to the letter, Norfolk Southern rail workers who have worked or continue to work the cleanup site have reported experiencing "migraines and nausea." One worker reportedly asked his supervisor to be transferred off the derailment site because of his symptoms, but never heard back from his supervisor and was left at the job site.

The derailment of the train, operated by Norfolk Southern (NSC.N), forced thousands of residents to evacuate while railroad crews drained and burned off chemicals. “We have mobilized a robust, multi-agency effort to support the people of East Palestine, Ohio," White House spokesperson Karine Jean-Pierre said at a briefing. [1/3] A view of a caution tape as members of the U.S. Environmental Protection Agency (EPA) (not pictured) inspect the site of a train derailment of hazardous material in East Palestine, Ohio, U.S., February 16, 2023. DeWine called on Congress to review railroad safety regulations, lamenting states have little power to demand information about what types of hazardous goods are rolling through their borders. Transportation Secretary Pete Buttigieg said Thursday more needs to be done to address rail safety in the face of hundreds of annual train derailments.

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