28 days ago
FactSet Insight
Below is our recap of key ESG developments and insights over the past week. Norfolk Southern shares (NSC, red line) have lagged peers (S&P Railroads subindex, gray line) by approximately 3% since its train derailed in Ohio on February 3, precipitating a toxic chemical leak and fire. Figure 2 shows that news flow surrounding Norfolk Southern (blue line) had deteriorated relative to the industry (S&P Railroads subindex, light green line) prior to the event, as illustrated by FactSet Truvalue Labs Adjusted Insight Scores. Figure 1: Norfolk Southern shares have underperformed since the Ohio derailment; peers have fallen in sympathySource: FactSetFigure 2: Multiple train derailments involving Norfolk Southern in the past year preceded the disaster in East Palestine, OhioSource: FactSet Truvalue Labs Adjusted Insight Score (SASB material categories), with dotted blue line showing higher frequency pulse score for Norfolk Southern. Another Norfolk Southern train has since derailed in Michigan but no chemicals were reported.
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