Norfolk Southern to buy Cincinnati Southern

Norfolk Southern to buy regional railroad for $1.6 billion

OMAHA, Neb. (AP) — Norfolk Southern plans to buy a regional railroad it already operates from Cincinnati for $1.62 billion.

The deal announced Monday will give Norfolk Southern ownership of the busy 337-mile-long (542-kilometer-long) Cincinnati Southern Railroad that connects the Ohio city with Chattanooga, Tennessee. A Norfolk Southern subsidiary now leases the railroad and runs as many as 30 trains a day on it.

“The Cincinnati Southern Railway is a critical artery linking the Midwest and the Southeast and plays an important role in our powerful network,” Norfolk Southern CEO Alan Shaw said.
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