US short line railroad changes ownership
US short line railroad has changed ownership: Rail USA, an independent freight railroad and rail services holding company, has acquired the 700 km Florida Panhandle Rail Line and related real estate from US class I railroad CSX.
The line, now named Florida Gulf & Atlantic Railroad (FG&A), operates from Baldwin (FL) (near Jacksonville) to Pensacola (FL). Terms of the transaction were not disclosed.
FG&A transports 30,000 carloads of freight annually, including commodities such as aggregates, cement, grain, chemicals, wind turbine components and other industrial products. The rail line, headquartered in Tallahassee (FL), has 65 employees and 18 locomotives. FGA will continue to interchange with CSX. (ben)