CSX announces deal to sell rail line between Pensacola and Jacksonville

[thelakelander]

Railroad giant CSX plans to sell 373 miles of track between Pensacola and Jacksonville to Florida Gulf and Atlantic Railroad, a subsidiary of Boca Raton-based Rail USA.

The deal was made public as part of a filing with federal Surface Transportation Board earlier this month. The filing, which did not include a price, stated that Rail USA planned to hire 37 Tallahassee-based employees.

Local officials and regional officials said Wednesday they were unsure what the transaction could mean for the future of passenger rail service along the Florida Gulf Coast.

"It may not be a bad thing, but it is too early to tell," said Knox Ross, vice chairman of a the five-state Southern Rail Commission that has worked for years to restore passenger service from New Orleans east.

Full article: https://www.pnj.com/story/news/2018/11/15/railroad-giant-csx-announces-deal-sell-pensacola-jacksonville-line/2004645002/

[Pottsburg]

So many restrictions with this sale.  CSX still keeping the line under their thump.  I heard from a friend her personally high railed this track that there are three major drawbridges that need overhaul work. I’d look for this track to change hands again by the end of 2019. Possibly even someone coming in to buy the company out like Grupo Mexico did to FEC