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Rail News: M&A

Tennessee, Georgia short lines seek STB approval to acquire CSXT lines

In separate filings, KWT Railway Inc. (KWT) and Riceboro Southern Railway L.L.C. (RSOR) are requesting Surface Transportation Board approval to acquire lines from CSX Transportation.

KWT plans to purchase and operate a 12.8-mile line between McKenzie and Dresden, Tenn. Under an agreement with the Class I, the 58-mile short line also would obtain incidental trackage rights for 23 miles of mainline between McKenzie and CSXT’s Bruceton, Tenn., yard. The transaction would enable KWT to extend its existing line and create a western interchange with CSXT at the yard.

RSOR plans to purchase and operate a 18.8-mile line between Ogeechee and Riceboro, Ga., and obtain incidental trackage rights from the Class I for 14 track miles between Ogeechee and CSXT's Southover Yard in Savannah, Ga.

In a related STB filing, Earl Durden, Rail Management Corp. and Rail Partners L.P. are seeking board approval to own and control RSOR after establishing the short line as a Class III carrier.

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More News from 9/3/2004