30.08.2019
Artikel Nummer: 28593
US short-line railroad changes ownership
A managed affiliate of OmniTRAX in the USA has entered into a definitive agreement to acquire Cleveland Commercial Railroad (CCRL) and its wholly owned subsidiary, Cleveland Harbor Belt Railroad (CHB). The acquisition is expected to close in late August 2019. The price for the transaction was not disclosed.
CCRL operates on 56 km of track in northern Ohio, while CHB manages the port of Cleveland’s rail switching service. CCRL interchanges with Norfolk Southern and the Wheeling & Lake Erie Railway.
CHB interchanges with Norfolk Southern and CSX. The CCRL will be renamed Cleveland & Cuyahoga Railway, and the CHB will be renamed Cleveland Port Railway. (ben)