Media Kit » Try RailPrime™ Today! »
Progressive Railroading
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

View Current Digital Issue »


Rail News Home M&A


Rail News: M&A

Wheeling & Lake Erie to acquire CSXT's operating easement on Ohio line


On Oct. 8, Surface Transportation Board granted Wheeling & Lake Erie Railway Co. (W&LE) an exemption to acquire CSX Transportation's freight operating easement on a 17.8-mile line between Canton and Krumroy, Ohio. The exemption is effective Nov. 9.

The line — comprising a southern segment from Canton to Aultman, and middle segment from Aultman to Krumroy — is owned by Metro Regional Transit Authority (METRO).

In 1992, W&LE leased the southern segment from CSXT. In 2000, the Class I sold the southern and middle segments, and a third portion from Krumroy to Akron, to METRO.

CSXT retained an exclusive freight easement over all three segments — subject to W&LE's pre-existing southern-segment lease — and agreed to transfer the freight easement over the southern and middle segments to METRO. The authority previously agreed to provide W&LE the freight easement over the southern and middle segments.

In July, W&LE and CSXT reached an agreement under which the 680-mile regional would acquire the Class I's easement over the two segments. W&LE has no current plans to provide service over the middle segment, over which CSXT discontinued service in 1993.

W&LE currently provides service on the Canton-to-Aultman segment two days per week to serve four shippers, which annually move a total of 340 carloads of clay, synthetic rubber, lumber and plastics.

Contact Progressive Railroading editorial staff.

More News from 10/13/2003