JACKSONVILLE, Fla. — CSX Corporation today announced it is soliciting bids on six rail segments as part of a broader initiative to drive asset utilization, enhance network efficiency and create long-term value for the company. The decision to m…
http://trn.trains.com/news/news-wire/2018/06/06-csx-places-six-line-segments-on-sale
They tried to sell the St Lawrence Sub several years ago, to no avail.
Finger Lakes might be interested in the Baldwinsville Sub, but would need trackage rights.
Maybe Genessee & Wyoming will take it if they also get trackage rights to Buffalo and between the B&P from New Castle to the CF&E in Crestline.
Or not.
There is a buyers price and a sellers price. CSX is looking for the sellers price and it is probably a lot higher than many people think it should be.
What gets me about this whole thing is, for all the talk that has been expended, 650 miles out of the total CSX track mileage doesn’t at all seem like it has been worth the hype.
Bruce
It I recall correctly, CSX upgraded the St Lawrence sub to 40 mph along with some welded rail when they built the brand-new container terminal in a suburb of Montreal.
The upgrade to 40 MPH (most of the rail was already welded) was a great help to CSX as they could again get a train over the length of the line with one crew.
The IM terminal at Valleyfield, on the other hand, has been something of a bust, from the impressions I’ve gotten.
Trying to sell a route to Canada with a trade war looming would seem to be a hard sell.
So the days of the Maple Syrup tank trains will soon be over??
(snark? ME??)
There’s a catch to the sale you gents may not be aware of.
Those six lines are for sale, but the buyers have to come and pick them up. CSX won’t deliver.
That’s what some shippers have been saying for the last year or so…
CSX has been around for 31 yrs but has never been able to get it correct. A big spiderweb of combined carriers, has never stood up to the X shape NS which, minus the iron-fisted leftover Southern culture, has always been a step above its eastern rival.
Hopefully Canadian National buys the Montreal line.
Without the overhead traffic, there’s not much left. So it’s in the best interest if CSX has lost interest for CN to take it on since it’s their traffic coming and going that represents the bulk of the business. Without an ownership stake in it with CSX wanting out, it might all end up on CPR’s D&H.
Canadian National is doing well right now and the line is up to par after a lot of investment over the last two or three years pre-Harrison, so hopefully it will be a good fit with them.
These get CSX out of the Province of Quebec and dumps a lot of lines in high-tax, high-property-tax New York State.