'They gamble with your money, and you hold all the risk if they lose by putting a toxic train in the ditch in your community,' wrote Jonathon Long of BMWEDIBT.
pushed new legislation this week aimed at strengthening regulations for trains carrying hazardous materials and increasing penalties for companies that violate safety rules.
In his letter Wednesday, Long warned that unless concrete action is taken at the state and federal levels to rein in Norfolk Southern and other rail giants, more trains will"go off the rails in communities like East Palestine."A rail labor leader on Wednesday sent a scathing letter to Ohio's Republican governor warning that Norfolk Southern's business model poses a threat to communities across the U.S.—one that must be met with swift regulatory action.
"This business model was foisted upon the railroad industry by Wall Street 'activist investors' and hedge funds starting around 2015," Long noted."What this business model really involves is running longer, heavier behemoth trains that the track structures are not necessarily designed to handle." Long argued that such blatant neglect is"a basic tenet" of Norfolk Southern's"cost-cutting business model," which he called"dangerous to America" because it"disregards the sanctity of human life for the sake of more record profits.
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