Canadian Pacific Kansas Metropolis (CPKC) and CSX Company have reached an acquisition settlement with Genesee and Wyoming (G&W) to create a brand new freight hall which is able to join the US Southeast area with Texas and Mexico.
When accomplished, CPKC and CSX will every purchase or function parts of Meridian and Bigbee Railroad (MNBR) in Alabama and Mississippi.
The MNBR runs between Meridian, MS and Montgomery, AL and at the moment is operated underneath a mixture of possession and working agreements.
When the deal is full, CPKC and CSX will set up a direct CPKC-CSX interchange at or close to Myrtlewood, AL. In trade, G&W will purchase Canadian properties owned by CPKC in Alberta.
MNBR is ready to obtain rights to proceed to offer native service to current clients on former MNBR-owned strains and join with different railroads with out interchange restrictions.
CPKC president and CEO Keith Creel mentioned: “This strategic acquisition will convey extra delivery choices to intermodal, automotive and different clients by offering a brand new, environment friendly hall connecting increasing markets in Mexico, Texas and the US Southeast.
“With this new east-west connection making the most of every railway’s routes and repair, we will lengthen our attain changing extra freight site visitors to rail and off our highways.”
G&W CEO Jack Hellmann mentioned: “We’re happy to have entered into agreements with CSX and CPKC that can allow MNBR to proceed offering clients with excellent short-line service from Linden, Alabama, to Meridian, Mississippi, whereas enabling our Class I companions to create a brand new connection into the Southeast US.”
