By Will Robinson, Reporter, Jacksonville Business Journal; April 6, 2018
CSX Corp. (NASDAQ: CSX) is in the process of selling more than 175 miles of rail in Georgia and Alabama, records filed with the Surface Transportation Board reveal.
Filings by HGS Railway Holdings Inc. state the Colorado-based company will purchase 121 miles of track in Alabama and 55 miles of track in Georgia from CSX. HGS and CSX are “in the process of entering into a Purchase and Sale Agreement” and expect the transaction “to be consummated on or shortly after the effective date of this notice,” according to the documents filed Mar. 29.
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