Norfolk Southern Corporation said it has implemented measures to address the Federal Railroad Administration’s recommendations from its 2023 Safety Culture Assessment. The Assessment, issued in August 2023, made recommendations in the areas of communications, training, trust, and going above and beyond regulatory minimums. Norfolk Southern, working with its independent safety consultant AtkinsRealis US Nuclear, developed action items in response to these recommendations. The company has successfully launched initiatives to implement all items and will monitor these actions to ensure their effectiveness. “We appreciate the strong partnership with FRA on advancing safety and are grateful for its thorough assessment of our culture and their thoughtful recommendations, all of which serve as building blocks to our goal of becoming the gold standard for safety in the industry,” said Alan H. Shaw, president and CEO of Norfolk Southern. Norfolk Southern and FRA worked closely together throughout the implementation of the responsive action items. The company provided frequent updates to FRA on its progress, which included briefings by Shaw to FRA Administrator Amit Bose and his senior leadership team.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NSC:
- North American rail traffic up 2.8% for the week ending June15
- North American rail traffic up 2.8% for the week ending June 8
- Norfolk Southern initiated with an Overweight at Wells Fargo
- North American rail traffic up 2.7% for the week ending June 1
- Fly Insider: Norfolk Southern, Carvana among week’s notable insider trades