Norfolk Southern acquires 282 miles of rail from PA to NY
Norfolk Southern Corp. (NS), Norfolk, Va., acquired 282 miles of the Delaware & Hudson Railway Co.’s (D&H) line between Sunbury, Pa., and Schenectady, N.Y., a $214.5 million transaction that increases options for rail carriers. D&H is a subsidiary of Canadian Pacific (CP).
“The D&H South line integrates perfectly into our 22-state rail system, and it allows NS to connect businesses along this important economic corridor with a rail transportation system that’s a top performer in safety and efficiency,” says James Squires, NS president and CEO. “Our acquisition will make NS a more competitive transportation option between Pennsylvania, New York and New England.”