U.S. says Norfolk Southern must focus on safety despite investor activity By Reuters

© Reuters. Norfolk Southern Chief Executive Officer Alan Shaw testifies about the East Palestine train derailment in Ohio before a U.S. Senate Environment and Public Works Committee hearing on Capitol Hill in Washington, March 9, 2023. REUTERS/Mary F. Calvert/File Photo

WASHINGTON (Reuters) – The head of the Federal Railroad Administration on Wednesday urged: Norfolk Southern (NYSE:) focused on safety after a group of activist investors proposed replacing the company’s top management.

FRA administrator Amit Bose wrote to CEO Alan Shaw: “We once again emphasize that the only way to ensure the immediate and long-term success of NS is through a relentless focus on safety… Any setbacks to safety, whether due to a change in leadership or otherwise, are The oriented path is likely to attract new supervisory attention in my office.”