Norfolk Southern balks at compensating homeowners whose home values are expected to drop after derailment | CNN Business

He and his wife hoped to put their three-bedroom home on the market this spring, as prices were still high and inventory was low. Alternatively, they talked about his son’s family buying a house that was on the market down the street from Stewart. But even though state officials are saying the water is safe to drink, convincing potential homebuyers otherwise is an uphill battle. “Since the derailment, I lost all those options,” he said.

Taken together, the value of all residential real estate in the town adds up to about $380 million, including single family homes and multi-family properties. Those values are only a fraction of the money that Norfolk Southern earns. Last year it reported a record operating income of $4.8 billion, and a net income of $3.3 billion, up about 9% from a year earlier. It had $456 million in cash on hand on its books as of December 31.

Kinda hard to trust anything they say .. I'm sure the water is in bad shape

“Safe and effective” water supply

Would state officials long-stay Palestine for 3 months and drink its water? If so, potential home buyers may follow them.

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During train derailment cleanup, railcars with loose wheels discovered, Norfolk Southern saysNorfolk Southern, the railway company whose train derailed last month in East Palestine, Ohio, announced it found 'an urgent safety issue' in some of the railcars involved in a separate derailment in Springfield, Ohio – loose wheels. Poor maintenance. Just like food, weak infrastructure can be weaponized by adversaries. Not saying that's what it is going on. Just saying sabotage is something to be aware of and to bolster weaknesses before problems arise.
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Another Norfolk Southern Train Derailed as Its CEO Testified Before the SenateAnother Norfolk Southern freight train derailment was reported as CEO Alan Shaw testified before the Senate committee examining the earlier derailment of a train in East Palestine, Ohio.
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