Cincinnati, New Orleans and Texas Pacific Railway

Norfolk Southern to purchase assets of the Cincinnati Southern Railway

Retrieved on: 
Monday, November 21, 2022
Growth, Security (finance), Gulf of Mexico, Norfolk Southern Railway, Rehabilitation, Metal, City, Carbon, Risk, Weather, NYSE, NS, Annual report, COVID-19, NSC, CSR, Agriculture, Cincinnati, New Orleans and Texas Pacific Railway, Transport, Tunnel, Atlantic Ocean

ATLANTA, Nov. 21, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced today the execution of a purchase agreement under which the company's operating subsidiary, Norfolk Southern Railway Company, will acquire substantially all of the assets of the Cincinnati Southern Railway (CSR), an approximately 337 mile railroad that runs from Cincinnati, Ohio to Chattanooga, Tennessee.

Key Points: 
  • ATLANTA, Nov. 21, 2022 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced today the execution of a purchase agreement under which the company's operating subsidiary, Norfolk Southern Railway Company, will acquire substantially all of the assets of the Cincinnati Southern Railway (CSR), an approximately 337 mile railroad that runs from Cincinnati, Ohio to Chattanooga, Tennessee.
  • The CSR is currently owned by the City of Cincinnati and operated by the Cincinnati, New Orleans and Texas Pacific Railway Company (CNOTP), a wholly owned subsidiary of Norfolk Southern Railway, under a lease agreement expiring in 2026.
  • "The Cincinnati Southern Railway is a critical artery linking the Midwest and the Southeast and plays an important role in our powerful network that serves more than half the U.S. population," said Norfolk Southern President and Chief Executive Officer Alan H. Shaw.
  • Committed to furthering sustainability, Norfolk Southern helps its customers avoid 15 million tons of yearly carbon emissions by shipping via rail.