Image: ​​MediaPunch/AP
Yesterday, the National Transportation Safety Board opened an investigation into an incident that occurred over the weekend, where a Norfolk Southern train derailment near Springfield, Ohio, sent 28 cars sliding off the tracks.
It marked Norfolk Southern’s second such incident in the state since early February – though officials stressed that unlike last month’s derailment in East Palestine, this train wasn’t carrying any hazardous materials.
🚂 Big picture: If the first time you heard about train derailments was just over a month ago, you’re not alone. But they’re more common than you may think.
The US government has recorded over 55,000 train derailments since 1990, according to the latest federal data, which averages out to nearly 1,700 per year. But derailments have consistently declined over time, thanks to improved safety technology; 1,049 incidents were reported in 2022.
And though derailments are somewhat common in the US, they aren’t usually catastrophic. Railways are required under federal law to report any derailment that causes at least $12,000 worth of damage, or an incident comparable to a minor fender-bender in a car.
📝 Bottom line: Over the past three decades, train derailments have been responsible for an average of four deaths and ~20 hazardous chemical spills each year. But even still, experts say railroads are “without question” the safest way to move goods across land in the US.
👩‍🔬 Eli Lilly, one of the world’s top-three insulin producers, yesterday announced plans to cap the out-of-pocket costs of its insulin at $35/month for all US patients, regardless of insurance status.
🥶🥵 Nearly 1,500 flights were canceled yesterday in the face of a coast-to-coast winter storm, which is expected to affect every region of the Lower 48 states with winter weather, severe thunderstorms, or extreme temperatures over the next few days.
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