From Railway Gazette; April 11, 2018
USA: CSX Transportation has reached agreement to sell almost 300 km of railway in Alabama and Georgia to Denver-based HGS Railway Holdings, following its announcement earlier this year that up to one-third of its total network was being reviewed for possible closure or sale.
HGS has established two wholly-owned subsidiaries to acquire two lines, which would continue to be leased to the OmniTRAX short line subsidiaries that currently operate them under lease from CSX. HGS-ATN is acquiring 194 km of CSX-owned trackage linking Birmingham with Alabama City and Guntersville, which is operated by Alabama & Tennessee River Railway. HGS-FCR is purchasing the Fulco Branch, which comprises 89 track-km of industrial spurs west of Atlanta, Georgia, operated by Fulton County Railway.
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