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(Bloomberg) -- Norfolk Southern Corp.’s top executive was dragged before Congress a second time this week to answer for the train crash and chemical spill that forced the temporary evacuation of a small Ohio town last month.Most Read from BloombergDeutsche Bank Drops in Selloff Citi Describes as Irrational‘Zoom Towns’ Exploded in the Work-From-Home Era. Now New Residents Are Facing LayoffsRussia Seeks 400,000 More Recruits as Latest Ukraine Push StallsJack Dorsey’s Wealth Tumbles $526 Million Af
Norfolk Southern (NSC) is being supported by upbeat coal revenues.
The chair of the Senate Commerce Committee said on Wednesday she would push for quick passage of rail safety legislation after a Feb. 3 Norfolk Southern derailment in East Palestine, Ohio, that sparked a fire and released over a million gallons of hazardous materials and pollutants into the environment. Senate Commerce Committee chair Maria Cantwell said she wants the committee to debate and approve rail safety legislation in April. Senators questioned Norfolk Southern Chief Executive Alan Shaw for the second time this month and he backed calls for rail safety reform but did not endorse a bipartisan bill.