Norfolk Southern and the Delaware &
Hudson Railway (D&H), a subsidiary of
Canadian Pacific, is in negotiations to acquire
282.55 miles of D&H rail line between Sunbury,
Pa., and Schenectady.
As part of the transaction, NS would retain
and modify overhead trackage rights on the
line between Schenectady, Crescent and
Mechanicville, and Saratoga Springs. D&H
would retain local access to serve customers in
Schenectady and would maintain its access to
shippers in Buffalo.
The $217-million is subject to the approval by
the U.S. Surface Transportation Board.