Free Trial

Freight train derails in upstate New York, disrupting Amtrak service

→ How’d you do in 2022 (From Brooks Enterprises) (Ad)

AMSTERDAM, N.Y. (AP) — A freight train derailed in upstate New York on Friday, disrupting Amtrak service and prompting authorities to close roads in the area.

About 17 cars of a CSX train hauling mixed freight derailed just before 8 a.m. northwest of Albany, a CSX spokesperson said in a statement.

No crew members were injured and there is no indication of any leak, the freight carrier said.

Montgomery County Undersheriff Carl Rust said the majority of the cars that derailed were empty oil tankers.

“Visually, nothing is leaking from these tankers,” Rust said at a news conference in the town of Amsterdam near the derailment site.

A spokesperson for Amtrak, which shares tracks with CSX, said all service west of Albany was suspended Friday. Amtrak was working to provide alternative transportation for passengers, spokesperson Jason Abrams said.

The service disruption affects riders headed toward Buffalo and Niagara Falls.

State Route 5 was closed in the area of the derailment.

New York Gov. Kathy Hochul said state personnel were assisting local emergency response officials.

“Our top priority is ensuring all railroad workers and nearby motorists are safe and that Amtrak service is restored as quickly as possible,” Hochul said in a statement.

The cause of the derailment was under investigation. A day ago, an unrelated commuter train derailed in New York City. Authorities said 13 people were injured in Thursday's Long Island Rail Road derailment near the Jamaica station.

→ The only AI company to buy (From Porter & Company) (Ad)

Should you invest $1,000 in CSX right now?

Before you consider CSX, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CSX wasn't on the list.

While CSX currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

20 Stocks to Sell Now Cover

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Profit Like Congress: The Stocks They’re Betting On
Cathie Wood’s AMD Buy: Smart Move or Risky Business
4 of the Best Stocks for Share Buybacks

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines