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Rail News: M&A

Short line to lease Louisiana track from UP

New Orleans & Gulf Coast Railway Co. Inc. recently filed an exemption notice with Surface Transportation Board to lease 11.5 track miles in Louisiana from Union Pacific Railroad.

The track comprises a 7-mile portion of UP's mainline between Goldsboro and Westwego, and a 4.5-mile spur — known as the Hooper Spur — between Harvey Yard and Bayou Street in Harvey.

The 24-mile short line and Class I expect to finalize the transaction by month's end.

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More News from 10/20/2003