Norfolk Southern Endorses National Safety Policy Recommendations From The NTSB As Part Of The Agency's Investigation Of The 2023 East Palestine Derailment

7/10/24 4:11:24 PM ET

Railroads

Industrials

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NTSB Chair visits Norfolk Southern headquarters to discuss company's progress on safety initiatives

ATLANTA, July 10, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today endorsed the national safety policy recommendations made by the National Transportation Safety Board as part of the agency's investigation of the 2023 East Palestine derailment. The recommendations align with safety initiatives currently underway at the railroad designed around the principles of accident prevention, mitigation, and response.

During her visit today, Chair Jennifer Homendy met with senior leadership to discuss Norfolk Southern's progress in implementing safety initiatives aligned to the NTSB report. She addressed more than 80 operational leaders during the railroad's Safety Summit, a three-day seminar bringing together labor leaders and field supervisors to enhance the company's safety culture. She also toured Norfolk Southern's Network Operations Center and experienced a demonstration of RapidSOS, a technology designed to deliver immediate consist information to first responders.

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Date	Price Target	Rating	Analyst
10/9/2024	$294.00	Buy	Citigroup
7/26/2024	$251.00 → $253.00	Hold	TD Cowen
7/8/2024	$175.00	Underweight	Morgan Stanley
6/7/2024	$270.00	Overweight	Wells Fargo
5/23/2024	$270.00	Sector Perform → Outperform	RBC Capital Mkts
4/8/2024	$300.00	Buy	Jefferies
3/21/2024	$236.00 → $253.00	Market Perform	TD Cowen
3/4/2024	$238.00 → $302.00	Neutral → Buy	UBS

Norfolk Southern Endorses National Safety Policy Recommendations From The NTSB As Part Of The Agency's Investigation Of The 2023 East Palestine Derailment

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