Progressive Railroading

RAIL EMPLOYMENT
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry


All fields are required.





Rail News Home M&A

4/11/2005



Rail News: M&A

CSXT leases southeastern line to Genesee & Wyoming subsidiary



CSX Transportation remains active as a line lessor. On Friday, the Class I announced it leased a 32-mile segment between Yulee and Fernandina, Fla., and Seals, Ga., to First Coast Railroad (FCRD).

A subsidiary of Genesee & Wyoming Inc.’s Rail Link Inc., FCRD will handle the line’s traffic — which totals about 15,000 carloads of pulp and paper, chemicals and agricultural products annually — and interchange cars with CSXT.

"This portion of our network consists mainly of paper products customers and … the majority of the traffic comes from three customers," said CSXT Vice President of Strategic Planning Les Passa in a prepared statement. "Often, segments of railroad with such specific needs are more efficiently operated by short lines.”

Earlier this year, CSXT leased a West Virginia line to The Watco Cos., an Ohio line to the Columbus & Ohio River Railroad Co., and a Georgia line to Georgia Central Railway L.P.

Headquartered in Jacksonville, Fla., Rail Link operates 10 short lines serving shippers at 28 locations in 11 states.


Contact Progressive Railroading editorial staff.

More News from 4/11/2005