You want to blame the cabal and leave no culpability on Norfolk Southern or their employees they hire to run things. Well, here's what others have said about that:
"… in the last 10 years, the Class One carriers have dramatically increased both the length and tonnage of the average train, while cutting back on maintenance and inspection, and we have a time bomb ticking, just like a decade ago, leading up to the...
Canadian disaster that destroyed a whole town and took the lives of 47 people."
H/t @MorePerfectUS According to @MorePerfectUS says:
They have cut 22% of these [inspection] jobs since 2017. In the video above the former rail worker says inspection per car took on average 3 minutes and since the cuts, the workers are pressured to inspect each car in 90 seconds.
See where this is going?
Norfolk Southern Corporation is owned by Wall Street billionaires and their 4th quarter earnings were huge.
"Fourth quarter railway operating revenue was $3.2 billion, up 13%, and income from railway operations was $1.2 billion, up 5%.
“Our team delivered double-digit percentage growth in revenue as well as earnings per share and achieved record revenue and operating income for the year.
Documents show that when current transportation safety rules were first created, a federal agency sided with industry lobbyists and limited regulations governing the transport of hazardous compounds. The decision effectively exempted many trains hauling dangerous materials from the “high-hazard” classification and its more stringent safety requirements.
Amid the lobbying blitz against stronger transportation safety regulations, Norfolk Southern paid executives millions and spent billions on stock buybacks —
(Who do you think was doing the lobbying, huh?)
And, as DC_Draino says, "Norfolk Southern paid execs millions & spent billions on stock buybacks while shedding thousands of employees despite warnings that understaffing = safety risks. N.S. also fought off a shareholder initiative for execs to "assess, review, and mitigate risks of hazardous material transportation."
And also...
You want to blame the cabal and leave no culpability on Norfolk Southern or their employees they hire to run things. Well, here's what others have said about that:
"… in the last 10 years, the Class One carriers have dramatically increased both the length and tonnage of the average train, while cutting back on maintenance and inspection, and we have a time bomb ticking, just like a decade ago, leading up to the... Canadian disaster that destroyed a whole town and took the lives of 47 people."
Sauce: https://myemail.constantcontact.com/Special-Report--Monster-Train-Wreck-in-Ohio.html
H/t @MorePerfectUS According to @MorePerfectUS says:
They have cut 22% of these [inspection] jobs since 2017. In the video above the former rail worker says inspection per car took on average 3 minutes and since the cuts, the workers are pressured to inspect each car in 90 seconds.
See where this is going?
Norfolk Southern Corporation is owned by Wall Street billionaires and their 4th quarter earnings were huge.
"Fourth quarter railway operating revenue was $3.2 billion, up 13%, and income from railway operations was $1.2 billion, up 5%.
“Our team delivered double-digit percentage growth in revenue as well as earnings per share and achieved record revenue and operating income for the year.
All of this record income at what cost? Sauce: https://t.co/3797cihFsN
Norfolk also announced a new $10 billion stock buyback program last year.
http://nscorp.com/content/nscorp/en/news/norfolk-southern-announces-new--10-billion-stock-repurchase-prog.html
Documents show that when current transportation safety rules were first created, a federal agency sided with industry lobbyists and limited regulations governing the transport of hazardous compounds. The decision effectively exempted many trains hauling dangerous materials from the “high-hazard” classification and its more stringent safety requirements.
Amid the lobbying blitz against stronger transportation safety regulations, Norfolk Southern paid executives millions and spent billions on stock buybacks — (Who do you think was doing the lobbying, huh?)
Sauce: https://t.co/FsYEBWRtIs
"The hedge funds let a Norfolk employee fall on the sword while Wall Street is never mentioned in the public eye." https://twitter.com/i/status/1625116046171557889
And, as DC_Draino says, "Norfolk Southern paid execs millions & spent billions on stock buybacks while shedding thousands of employees despite warnings that understaffing = safety risks. N.S. also fought off a shareholder initiative for execs to "assess, review, and mitigate risks of hazardous material transportation."