Norfolk Southern slides; co agrees to pay civil penalty, cleanup costs over 2023 Ohio derailment

** Shares of Norfolk Southern NSC down 1.1% to $227.96

** Co agrees to pay a $15 million civil penalty and $57.1 million in past government cleanup costs as well as millions in future costs to resolve a U.S. government lawsuit over a 2023 train derailment in East Palestine, Ohio

** Norfolk Southern will also reimburse EPA for future response costs under the proposed consent decree that is subject to public comment and court approval

** The U.S. Justice Department and Environmental Protection Agency sued Norfolk Southern in March 2023 to ensure that the railroad pays the full cost of cleanup and any long-term effects of the derailment

** Including session's move, stock is down ~3.5% YTD