Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Another Norfolk Southern train derails in Ohio; railroad says no toxins aboard

Published 03/04/2023, 08:41 PM
Updated 03/05/2023, 01:15 PM
© Reuters.

By Brad Brooks

(Reuters) -A Norfolk Southern (NYSE:NSC) train derailed in Ohio on Saturday, the second such incident involving the railroad in that state in about a month, prompting local officials to order residents living near the accident site to shelter in place.

Norfolk Southern said the train that derailed near Springfield was not carrying hazardous materials and that no one was hurt. Local authorities said first responders on the scene were working to confirm that no toxins were involved.

The accident follows the Feb. 3 derailment of a Norfolk Southern train in East Palestine, Ohio, about 180 miles (290 km)northeast of Springfield. The East Palestine derailment sent millions of pounds of toxic chemicals into the environment and forced thousands of people to evacuate.

Norfolk Southern said in an emailed statement that Saturday's derailment of about 20 cars of a 212-car train happened as it was traveling southbound near Springfield. The statement did not give any cause for the derailment.

"No hazardous materials are involved and there have been no reported injuries," Norfolk Southern said. "Our teams are en route to the site to begin cleanup operations."

U.S. Transportation Secretary Pete Buttigieg said on Twitter he was briefed by the Federal Railroad Administration on the latest derailment and that they would closely monitor the situation.

Ohio Governor Mike DeWine said President Joe Biden and Buttigieg called him to offer any assistance needed with the latest accident.

"We don't believe hazardous materials were involved," DeWine said.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

U.S. Senator Sherrod Brown, a Democrat from Ohio, said on ABC's "This Week" on Sunday morning that he was not satisfied with the company's response to the latest derailment and questioned if communities in Clark County could have been affected by any potential contaminants left in the mostly empty cars. There have been four derailments in the past five months in Ohio, Brown noted.

"The railroads got a lot of questions they've got to answer, and they really haven't done it very well, yet," Brown said.

Clark County officials asked residents living within 1,000 feet (300 meters) of Saturday's derailment to "shelter-in-place out of an abundance of caution," according to a statement on the county's Facebook (NASDAQ:META) page.

It said there were power outages in the area due to downed power lines resulting from the accident and that it was not clear how long it would take to restore electricity.

The Federal Aviation Administration said on Sunday it was implementing temporary flight restrictions over the Springfield area until Tuesday to allow for safe relief and law enforcement operations following the derailment.

Latest comments

Has anyone read atlas shrugged?
what's that
nothing
Where's John Galt?
this seems a little odd. 2 in one month. just saying.
No, not odd. It's business as usual. It only seems odd when MSM exposes these incidents. The same is true for contaminated drinking water. Detroit received a lot of negative attention because of Trump. Not that he actually did anything about it except to blame Democrats and relax standards for safe drinking water. For same and different reasons than Detroit, drinking water is contaminated throughout the United States. This includes numerous poor white communities with Republican mayors and governors in the South.
This is every party in most countries though.  Pump successes, blame others for your failures, performative activism while nothing really gets better.  With the lovely public that doesn't care about anything unless its shoved in their face, nobody considers the origin of a lot of problems, only kneejerk reactions.  Yellow journalism I guess, nothing gets traction unless it can be made into a story with characters, has intrigue.
True, we get stuck with gridlock from politicization and behind scenes deal making.
Nationalize the railways
I can see how that will work out well
I don't agree with lax standards and ignoring safety measures for profit, but nationalizing railways and the like was disastrous in the past - it also doesn't belong to the 'workers' at that point, it belongs to the government.  Look at how long it takes for things to get done in most government divisions, despite having decent pay and a significant amount of staff.  Red tape is a surefire way to make sure nothing gets done in a timely manner.  In Canada, we've had most service canada staff working from home since covid - office jobs that aren't typically very busy to begin with.  Somehow, they've managed to provide worse, less timely service than before.  We also had one of our railroads go public in the 90s, went from a money pit with poor service to one of the largest railroads in NA.  Should safety standards be improved?  Absolutely, but making it a gov/crown corp isn't the way to do it.
However things like the internet being nationalized in Scandinavian countries has been good for everyone involved.  Companies contract data from the government and have a pretty strict SLA.  Canada is an odd middle ground where we have a horribly protectionist telcom industry.  No competition, no service standards, highest costs in the western world for worse service/data.  But it's not capitalist, in a more liberated market we could have competitors offer better service, prices and force the 'big 3' to do better.  As it stands the telcoms in Canada are essentially part of the state.  Any foreign business that's tried to break in here gets c-blocked by the CRTC.  Meanwhile companies like telus buy up smaller companies and expand into stuff like telehealth instead of providing better services.  Nationalizing them won't really change anything.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.