CSX and Hunter Harrison

dak94dav Feb 16, 2017

  1. Hardcoaler

    Hardcoaler TrainBoard Member

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    CSX is asking for bids for purchase of these lines. Nothing major here, but I suspect there will be more.

    Massena Line: Line extending north from Syracuse, NY to Canada
    Baldwinsville Subdivision: Branch line west of Syracuse, NY
    West Albany and Rensselaer, NY (various segments near Albany)
    Cumberland Valley: Feeder lines extending east of Corbin, KY
    Eastern North Carolina: Branch lines terminating in Grangers and Plymouth, NC
    Marietta Subdivision: Branch line extending north out of Parkersburg, WV
     
    BNSF FAN likes this.
  2. BNSF FAN

    BNSF FAN TrainBoard Supporter

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    You are probably right. Just the tip of the iceberg.
     
    Hardcoaler likes this.
  3. BoxcabE50

    BoxcabE50 Staff Member TrainBoard Supporter

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    Following along with any bidding will say a lot about their viability- through seeing who is doing the bidding.
     
    Hardcoaler likes this.
  4. mmi16

    mmi16 TrainBoard Member

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    There is a Buyers price and a Sellers price - I have the feeling that CSX will sell dear!

    They will only sell at their profit. There is no financial reason the must sell except to profit and profit handsomely from the process.
     
  5. BNSF FAN

    BNSF FAN TrainBoard Supporter

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    Depending on the length of these lines, there may also be a considerable tax savings that goes along with that sale profit.
     

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