Norfolk Southern launches home value compensation program after Ohio derailment
General view of the site of the derailment of a train carrying hazardous waste, in East Palestine, Ohio, U.S., March 2, 2023. REUTERS/Alan Freed/File photo
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(Reuters) – Norfolk Southern (NYSE:NSC) said on Monday it launched an interim program to compensate homeowners around East Palestine, Ohio who sell their properties and experience a reduction in value following a Feb. 3 train derailment.
The program applies to parts of Ohio and Pennsylvania near the derailment site and applies to those with homes on the market, future listings or sold since Feb. 3. The railroad first announced plans in May to create the program.
