Monday, July 08, 2013

Ann Arbor Railroad to lease Ohio track from NS

Ann Arbor Railroad, Inc. (AA), filed with the Surface Transportation Board on June 24 for permission to lease approximately 3.69 miles of track in Toledo, Ohio, from Norfolk Southern (NS).

 

In an agreement signed between AA and NS, AA holds a 10-year lease to operate between milepost CS 1.26 and 2.65 on the Cherry Street Branch and between milepost GY 85.40 and 87.70 on the Galena Yard Track. Both lines connect with AA at the south end of its Ottawa Yard facility in Toledo. The line handles approximately 925 annual carloads and will be operated by AA on a five-days per week schedule.

"Adding this trackage to the Ann Arbor presents a tremendous opportunity to create value for customers in the Toledo area," stated Stefan Loeb, vice president of business development. "This opportunity also underscores the strategic role the Ann Arbor plays in Northwest Ohio and the excellent relationship Watco enjoys with Norfolk Southern."

Operations plan to begin in August pending the outcome of the Surface Transportation Board's review.

 

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