US class I railways to hive off six rail lines
The Florida (USA)-based railway CSX is soliciting bids for six additional railway lines. The decision to market these non-core properties, totalling 1,050km, follows a detailed evaluation of each line and its potential to be operated more effectively by a highly qualified, third party, according to the company.
CSX wants to sell of the following properties: Massena line, Baldwinsville subdivision, West Albany and Rensselaer, Cumberland Valley, Eastern North Carolina and Marietta subdivision.
The initiative will allow CSX to focus on improving the operational performance of its core network, enhancing asset utilisation, reducing transit times and creating a more reliable service product. (ben)