Anyone know about the "Riceboro Southern", a Rail Management subsidiary, taking over the CSX line from Ogeechee, GA to Riceboro, GA?
CSX needs money!!! So it's spinning off spur lines to shortline RR's.
There is a paper plant in Riceboro and I think that is the only customer on the line so they quietly took bids on the line and Rail Management got the deal.
Not sure if they are leaseing or buying the line. They also get trackage rights into Savannah's Southover Yard to do switching there.
I'm curious how many carloads are coming out of that mill???
CSX also sold the line in Eastern Savannah (out to the Marine Terminal) to Golden Isle Terminal RR (owned by Raillink). However, they are retaining the property in the deal. They are just selling the track material (rail,ties,etc) and give temporary operating rights via property lease. It's just so if a big new customer goes in along the Eastern Port of Savannah they can come back in and serve them when the lease with Golden Isle ends.
CSX also is looking to unload the line in Southern Florida (Auburndale to Miami). They need more $$$.