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Rail News: M&A

Buffalo & Pittsburgh to lease New York branch line from NS


Buffalo & Pittsburgh Railroad Inc. (B&P) recently signed a 20-year agreement with Norfolk Southern Corp. under which the short line will lease a 36-mile branch line between Buffalo and Machias, N.Y.

Owned by Genesee & Wyoming Inc. (GWI), the 280-mile B&P currently uses the line to move overhead traffic per a trackage rights agreement with NS. Pending regulatory approval and customary closing conditions, the transaction is expected to close by September.

Along with the Rochester & Southern Railroad and South Buffalo Railway, B&P is part of GWI’s 770-mile regional rail system in western Pennsylvania and New York. GWI owns 48 regionals and short lines in the United States, Canada, Mexico, Australia and Bolivia.

Contact Progressive Railroading editorial staff.

More News from 7/3/2007