Costs for Norfolk Southern from Ohio train derailment now top $1 billion

Norfolk Southern's costs for the East Palestine, Ohio train derailment have risen to nearly $1 billion.
Expenses include clean-up of hazardous chemicals, legal fees, and assisting the community.
The derailment disrupted Norfolk Southern's operations and reduced second-quarter earnings.
Norfolk Southern expects to recover some costs through insurance and lawsuits.
The incident has negatively impacted the region's housing market and prompted discussion about railroad safety.