Genesee & Wyoming Signs Agreement to Lease Rail Line in Southeast Alabama from Norfolk Southern
Genesee & Wyoming Inc. (NYSE: GWR) announced today that its newly formed subsidiary, the Columbus & Chattahoochee Railroad, Inc., has signed an agreement with Norfolk Southern Railway Company to lease and operate a 26-mile segment of NS track that runs from Girard, Alabama, to Mahrt, Alabama.
The CCR will interchange with NS in Columbus, Georgia, where GWI's Georgia Southwestern Railroad also has operations.
The CCR expects to commence operations on the leased line in July 2012 with 17 employees and six locomotives. The CCR anticipates handling approximately 17,000 carloads per year, consisting primarily of coated paperboard-related traffic as well as other general merchandise shipments. The CCR will be operated as part of GWI's Southern Region under the leadership of Gerald T. Gates. Please see the link below for a map of the CCR and adjacent GWI railroads.
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