Yet another NS derailment as US legislators scramble to improve safety
It sounds like a script from a TV melodrama. A Norfolk Southern (NS) train derailed ...
So that’s the end of that one – what an almighty waste of time. Ahead of the expected rejection by US regulators of structure of a proposed Canadian Pacific-Norfolk Southern “voting trust”, the Canadian railroad’s charismatic chief executive Hunter Harrison has ditched attempts to buy its US counterpart. The news probably comes as a huge relief to Norfolk Southern’s management, which had found itself the object of sustained criticism from CP management and investors.
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