Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Norfolk Southern train derails in Pennsylvania

Published 03/02/2024, 06:21 PM
Updated 03/02/2024, 06:30 PM
© Reuters.

(Reuters) - A Norfolk Southern (NYSE:NSC) train derailed on Saturday, spilling diesel fuel and polypropylene plastic pellets into the Lehigh River in eastern Pennsylvania, police said.

There were no reports of injuries to the crew on the train or evacuations or a hazardous material threat to the community, the Lower Saucon Township Police Department said in a statement.

Emergency personnel were dispatched and containment booms were deployed to control the oil spill, it added.

Norfolk Southern, in a post on social media platform X, said it would investigate the accident, adding that their crew and contractors would remain on the scene over the coming days to clean up.

Ancora Holdings, which holds a large equity stake in the company, called for the immediate termination of Norfolk Southern Chief Executive Officer Alan Shaw and urged an orderly reconstitution of the board, that company said in a statement following the derailment.

Early last year, a Norfolk Southern Railroad-operated train derailed, causing a fire that sent a cloud of smoke over the town of East Palestine, Ohio, and forcing thousands of residents to evacuate.

President Joe Biden visited the area last month and called the train derailment "an act of greed." He urged Congress to pass a bipartisan bill to toughen rail safety laws.

 

 

Latest comments

Joe refused for months to visit East Palestine until Trump announced he would.
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.