CSX selling 220 miles of rail to Canadian National railroad
JACKSONVILLE, Fla. (AP) — CSX railroad is selling 220 miles of rail in New York and Canada to Canadian National railroad.
The Jacksonville, Florida-based CSX said it decided to sell the line that runs from Beauharnois, Quebec, Canada, to Liverpool, N.Y., because it’s not a core part of the railroad’s network in the eastern United States.
CSX has been working to streamline its operations for more than two years, so it can haul more freight with fewer employees and less equipment.
About 60 employees will lose their jobs as part of the sale.
Canadian National says it is excited to expand its reach into New York with the purchase.
Regulators will have to approve the rail sale.