Rail Workers Blame Fiery Train Crash in Ohio on Wall Street Profit-Seeking
by Jake Johnson An inter-union alliance of rail workers argued Tuesday that the massive freight train crash in East Palestine, Ohio late last week was a predictable consequence of Wall Street-backed policy decisions that have hollowed out the industry’s workforce, pushed remaining employees to chronic exhaustion, and sacrificed safety for profits. In an assessment of the Norfolk Southern (NS) train derailment based on currently available information, Railroad Workers United (RWU) wrote that “the root causes of this wreck are the same ones that have been singled out repeatedly, associated with the hedge fund-initiated operating model known as ‘Precision Scheduled Railroading’ (PSR).” The group noted that …