Railroad Industry Group Instructs To Take Care Of Loose Wheels To Avoid Possible Derailments

The American Association of Railroads (AAR) gave a rare advisory calling for certain rail cars to be taken out of service and checked amid concerns that loose wheels might raise the risk of derailments.
The advisory comes after Norfolk Southern Corporation NSC train reportedly derailed in Calhoun County, Alabama, before company CEO Alan Shaw faced lawmakers about derailments.
Last week Norfolk Southern suffered another derailment incident on Saturday near Springfield, Ohio.
National Steel Car wheel mounts identified by the AAR were on cars in the Norfolk Southern train derailment near Springfield, Wall Street Journal writes, citing people familiar with the derailment.
Wednesday, the freight rail industry announced key safety measures, including installing approximately 1,000 new detectors, expanding support for first responders, and initiating actions based on a preliminary National Transportation Safety Board (NTSB) advisory.
NTSB also launched a special investigation of Norfolk's organization and safety culture.
CEO Alan Shaw told a U.S. Senate panel that he plans to "make it right" after one of the company's trains derailed in East Palestine, Ohio, last month.
Shaw appeared at a U.S. Senate Committee on Environment and Public Works hearing to address what committee Democrats called "environmental and public health threats" resulting from the derailment.
Price Action: NSC shares closed at $213.21 on Thursday.
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