Norfolk Southern creates fund for homeowners near Ohio derailment to compensate for decline in value
CEO Alan Shaw said the company was “undertaking these efforts and expenses without any judicial or investigatory finding of fault.”
2 years ago
File photo: A Norfolk Southern freight train makes it way through Homestead, Pa. on April 27, 2022. (AP Photo/Gene J. Puskar, File)
The New Castle Fire Department said that at least some of the cars that derailed contained paraffin wax, which is used to make candles, and soybeans.
New Castle is about 50 miles (80 kilometers) northwest of Pittsburgh near the Pennsylvania-Ohio state line.
The derailment comes amid heightened attention to rail safety nationwide after a fiery derailment in February of Norfolk Southern railcars in East Palestine, Ohio. Half of the town’s 5,000 residents were evacuated as emergency responders burned off chemicals to prevent an uncontrolled explosion.
The company has renewed a promise to create a fund for residents near the site of that wreck to cover any decline in home values since the derailment.