Norfolk Southern uses earnings call to derail activist investor claims
Financial results barely registered in Norfolk Southern’s (NS) earnings this week – the Class I ...
The Federal Railroad Administration (FRA), a government agency under the umbrella of the US Department of Transportation, has voiced concerns about safety standards at Union Pacific (UP).
In a letter to top UP executives, federal railroad administrator Amit Bose expressed concern that defects found in a recent unscheduled inspection could represent a “significant risk to rail safety”.
FRA inspectors had visited UP’s largest railyard in western Nebraska and their report showed a 19.93% defect rate on railcars and a 72.69% defect rate ...
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