CN acquires the Massena rail line from CSX

CN train

CN has signed an agreement to acquire the Massena rail line from CSX. It represents more than 220 miles of track between Valleyfield, Quebec, Canada, and Woodard, New York, US. The Massena 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.

CN and CSX, also announced in early August, 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.

The terms of the deal were not disclosed, and the acquisition is subject to regulatory review.

Source: CN