8chan/8kun QResearch CANADA Posts (1)
#20521298 at 2024-03-05 16:30:03 (UTC+1)
Q Research Canada #54: Freedom Convoy 2nd Anniversary Edition
Amid Debate Over Rail Safety Concerns, Another Norfolk Southern Train Derails
https://www.zerohedge.com/economics/amid-debate-over-rail-safety-concerns-another-norfolk-southern-train-derails
With a Norfolk Southern derailment in Pennsylvania on Saturday that sent diesel fuel into a Lehigh Valley River, the already heated battle over control of the railroad with safety issues as a backdrop got even hotter.
The derailment came after two days of charges, countercharges and missives flying back and forth over the safety records of both Norfolk Southern and Union Pacific, with leading government officials that regulate the rails leveling separate heavy criticism at the two companies.
And while it hasn't yet provoked any government response, the issue of safety and levels of employment could also be triggered by Friday's news that BNSF had implemented a significant number of furloughs.
In the proxy battle roiling Norfolk Southern, the activist investor group Ancora is recommending the replacement of eight new directors to the Norfolk Southern board. It also wants to replace CEO Alan Shaw with former UPS executive Jim Barber and name Jamie Boychuk, a former executive at CSX, to replace current COO Paul Duncan.
That fight now has the Pennsylvania derailment as part of the battle, and Ancora wasted no time Saturday coming out with a statement over the incident. Continue…