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.
Source: News Formal (newsformal.com)
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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What’s next for Norfolk Southern after Senate hearing on East Palestine, Ohio, disaster?Analysts have been weighing the impact of Thursday’s Senate hearing where Norfolk Southern CEO Alan Shaw was grilled about the East Palestine disaster. Campaign contributions, as a first guess. 😉
Source: MarketWatch - 🏆 3. / 97 Read more »
Norfolk Southern CEO pressed over train crash | CNNAnother Norfolk Southern train derailed in Alabama on Thursday, just hours before the CEO testified before Congress I guess regulations were a good idea? Is Trump there yet? I hope the Board does its work quickly to see what if any are the commonalities among these wrecks. So many so close together raise many concerns.
Source: CNN - 🏆 4. / 95 Read more »
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.
Source: CBSNews - 🏆 87. / 68 Read more »
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.
Source: truthout - 🏆 69. / 68 Read more »
Video: See aerials of third Norfolk Southern train derailment | CNNInvestigators are looking into the cause of the third Norfolk Southern train derailment in five weeks. CNN’s Ryanyoungnews reports on the most recent derailment in Calhoun County, Alabama. Ryanyoungnews Sharing is caring ... Ryanyoungnews Poor regulations leading to poor safety standards Ryanyoungnews
Source: CNN - 🏆 4. / 95 Read more »
Norfolk Southern CEO’s Testimony Cut Short After Train Derails Into Capitol BuildingThe Onion brings you all of the latest news, stories, photos, videos and more from America's finest news source. This is exactly why you should take the plane instead, no such thing would happen to- OH THE HUMANITY I fucking wish. That was supposed to crash into SVB
Source: TheOnion - 🏆 724. / 51 Read more »