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UPDATE 2-Locked track switch blamed in fatal South Carolina Amtrak crash [Reuters]

CSX (CSX)  More Company Research Source: Reuters
Last csx earnings: 4/17 04:02 pm Check Earnings Report
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PDF Locked track switch blamed in fatal South Carolina Amtrak crash | Reuters Reuters Staff 3 Min Read (Reuters) - A locked track switch was blamed for the collision of an Amtrak passenger train with a freight train that killed two people and injured over 100 in South Carolina on Sunday, raising questions about the delayed roll out of a system to prevent such crashes. The head of the National Transportation Safety Board said a switch on the tracks, which the freight hauler CSX Corp ( CSX.O ) owns and operates, was padlocked in a position that steered the Amtrak train onto a siding near state capital Columbia, in central South Carolina, where it crashed into a parked, unoccupied CSX train. “Key to this investigation is learning why the switch was lined that way,” Robert Sumwalt, the chairman of the NTSB, told reporters on Sunday. The NTSB plans an update on Monday on Amtrak’s fourth deadly crash since December. In November, the NTSB criticized what it termed Amtrak’s “weak safety culture [Read more]

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