by dconlive_
Georgia Central (GC) is now in the process of buying the track between Macon and East Dublin in Central Georgia.
GC was leasing this section from CSX and are now moving forward to purchase it outright. GC already owns it track between Savannah and East Dublin and serves many shippers along the line.
This a good move for them to be buying more of their trackage instead of leasing. It's a good sign that they are doing well. Hopefully will hopefully become a new trend in the shortline biz.
By the way, CGR was delt a blow last year when the plans for that Chrysler plant got scrubed in Savannah. The site was right on their line off I-95. Hopefully state officials can lure another car maker to the prime site in the future.
Check the STB page to view the official filing:
GC was leasing this section from CSX and are now moving forward to purchase it outright. GC already owns it track between Savannah and East Dublin and serves many shippers along the line.
This a good move for them to be buying more of their trackage instead of leasing. It's a good sign that they are doing well. Hopefully will hopefully become a new trend in the shortline biz.
By the way, CGR was delt a blow last year when the plans for that Chrysler plant got scrubed in Savannah. The site was right on their line off I-95. Hopefully state officials can lure another car maker to the prime site in the future.
Check the STB page to view the official filing: