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WASHINGTON (Reuters) – Norfolk Southern (NYSE:NSC) said on Tuesday it will establish a fund to reimburse homeowners who live near the site of a Feb. 3 train derailment in East Palestine, Ohio who sell their homes for less than what the property was worth before the incident.
Norfolk Southern CEO Alan Shaw told senators in a letter the railroad initially expects “eligible homeowners for this compensation to include those with homes within an approximately 5-mile radius of the derailment, and who sell their homes for less than their property’s pre-February 3 appraised value.”
