Norfolk Southern Completes Acquisition Of Delaware & Hudson South Line

(RTTNews) - Norfolk Southern Corp (NSC) on Friday said it completed the acquisition of 282 miles of the Delaware & Hudson Railway Co's (D&H) line between Sunbury, Pa., and Schenectady, N.Y., a $214.5 million transaction that increases options for rail carriers and supports jobs in Pennsylvania, New York, and New England. D&H is a subsidiary of Canadian Pacific (CP, CP.TO).

CP will cease operations on the corridor this evening, and NS is scheduled to start operations Saturday.

The acquired lines connect with NS' network at Sunbury, Pa., and Binghamton, N.Y., and they provide NS single-line routes from Chicago and the southeastern United States to Albany, N.Y., and NS' intermodal terminals in Scranton, Pa., and Mechanicville, N.Y. NS also gains an enhanced connection to its joint venture subsidiary Pan Am Southern, which serves New England markets.

Additionally, NS has acquired D&H's car shop in Binghamton along with other facilities along the corridor.