CN Acquires NY - Quebec Rail Line CSX
Canadian National Railway (CN) announced that it acquired a rail line running between Valleyfield, Quebec, and Woodard, New York, from CSX Corp. (CSX).
The Massena rail line represents more than 220 miles of track. The rail line also serves many cities in the province of Quebec, including Beauharnois and Huntingdon, and in the state of New York, including Massena, Norwood, Potsdam, and Gouverneur.
"With this acquisition from CSX, we are opening up new opportunities for our existing customers and local businesses who will be able to access new markets through CN's unique three coasts network," said JJ Ruest, president and chief executive officer of CN.
“By acquiring the Massena rail line, CN continues to expand our network and foster additional supply chain solutions. CN is pleased to welcome communities along the Massena rail line to its family and we look forward to meeting our new neighbors,” he added.
Separately, on August 8, 2019, CN and CSX announced a new intermodal service offering between CN’s greater Montreal & Southern Ontario network, and the CSX-served ports of Philadelphia, New York, New Jersey and the New York City metropolitan area.
This agreement will come into effect on October 7, 2019 and will help move freight from trucks to rail, reducing congestion in New York in a sustainable manner.