Norfolk Southern president vows help for derailment victims but hedges on new rail safety laws

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Norfolk Southern president vows help for derailment victims but hedges on new rail safety laws
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Norfolk Southern Railway President Alan Shaw when testifying to a Senate panel on Thursday refused to commit to backing bipartisan legislation by Ohio's two senators that would impose new regulations on the rail industry, including new procedures for...

when testifying to a Senate panel on Thursday refused to commit to backing bipartisan legislation by Ohio’s two senators that would impose new regulations on the rail industry, including new procedures for carrying hazardous materials.

“We have a choice: Are we for big business and big government or are we for the people of East Palestine?” Mr. Vance said. “It is a time for choosing - let’s make the right one.” Sen. Lindsey Graham, South Carolina Republican, said at the hearing that it is long past time that President Biden visits the crash site.

The NTSB announced earlier this week it is launching a special investigation into Norfolk Southern’s “organization and safety culture.”‘s testimony before the committee came hours after another Norfolk Southern train derailed in Calhoun County, Alabama. There were no reports of injuries or chemical spills.

Sen. Jeff Merkley of Oregon asked, “Will you pledge today that you will do no more stock buybacks until a raft of safety measures have been completed to reduce the risk of derailments and crashes in the future?”hedged. He said the company spends $1 billion a year on rail safety measures that have led to fewer derailments, fewer hazardous material spills and fewer injuries.

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