Norfolk Southern CEO to offer apology and $20 million before Congress Thursday

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Norfolk Southern CEO to offer apology and $20 million before Congress Thursday
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CEO Alan Shaw, in prepared remarks, says the railroad will do “the right thing” with a $20 million commitment to help the community recover from the Ohio train derailment and release of toxic chemicals.

RELATED: Norfolk Southern CEO a no-show at Pa. Senate meeting, but is expected to appear later this month

Noting that a train had derailed in her home state of West Virginia on Wednesday, Capito cast the hearing as the Senate’s first step among several on railway safety and emergency response. The new safety regulations would likely need to be considered in the Senate Committee on Commerce, Science, and Transportation.

Meanwhile, House Republicans have voiced skepticism about passing new regulations on railroads. GOP senators are eyeing the bill and discussed it in their weekly luncheon on Tuesday, but Sen. Mike Rounds, R-S.D., said most of his caucus would prefer the bill be ironed out in a committee. The Senate bill also touches on a disagreement between railroad worker unions and operators by requiring train crews to continue to have two people. Unions argue that railroads are riskier because of job cuts in the industry over the past six years. Nearly one-third of all rail jobs were eliminated and train crews, they say, deal with fatigue because they are on call night and day.

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