• New Philadelphia Line - CSX Declines Sale

  • For discussion of R.J. Corman Railroad Group Operations. R.J. Corman has several short lines switching operations across the U.S. Official Website: https://www.rjcorman.com
For discussion of R.J. Corman Railroad Group Operations. R.J. Corman has several short lines switching operations across the U.S. Official Website: https://www.rjcorman.com

Moderator: Nicolai3985

  by Jeff Smith
 
Ohio: TimesReporter.com
CSX Transportation has rejected a local offer to purchase a rail line it owns in central Tuscarawas County, but area economic development officials still hope that a deal can go through in the future.
...
The rail line begins at the Aleris plant south of Uhrichsville, crosses the east-west Panhandle rail line at Uhrichsville, and then goes through Midvale, New Philadelphia and Dover. It is leased by the R.J. Corman Railroad, which services four customers on the line.

Area officials hoped that by purchasing the line, they could increase freight traffic and use it for excursion trains between the Dennison Railroad Depot Museum and Dover.
...
  by mmi16
 
Jeff Smith wrote: Fri Jun 26, 2020 10:35 am Ohio: TimesReporter.com
CSX Transportation has rejected a local offer to purchase a rail line it owns in central Tuscarawas County, but area economic development officials still hope that a deal can go through in the future.
...
The rail line begins at the Aleris plant south of Uhrichsville, crosses the east-west Panhandle rail line at Uhrichsville, and then goes through Midvale, New Philadelphia and Dover. It is leased by the R.J. Corman Railroad, which services four customers on the line.

Area officials hoped that by purchasing the line, they could increase freight traffic and use it for excursion trains between the Dennison Railroad Depot Museum and Dover.
...
Didn't know the CSX had only leased that part of the 'Lower CL&W' to Corman. Thought Corman was the owner.
  by Backshophoss
 
The "Hedge Fund goons" want more $$$$$$ then offered.:(
  by mmi16
 
Backshophoss wrote: Wed Jul 01, 2020 9:46 pm The "Hedge Fund goons" want more $$$$$$ then offered.:(
When you sell it - it is gone. When you lease it, you retain ownership and basically put all the costs of ownership on the back of the leasing party.