Norfolk Southern’s stock fell before the opening bell Wednesday after the Atlanta-based railroad unveiled plans to create a fund for residents near the site of an Ohio train wreck that would cover any decline in home values since a derailment earlier this year.
About 50 cars derailed in East Palestine in early February, some carrying hazardous chemicals that spilled into nearby waterways. The U.S. filed a lawsuit against Norfolk Southern over environmental damage in March.
Half of the 5,000 residents of East Palestine were evacuated as emergency personnel burned off some of the chemicals to avert an uncontrolled explosion.
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