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And while the third agreement – with Cincinnati New Orleans & Texas Pacific Railway, a unit of Norfolk Southern – has been in place since 1881, it’s not always been smooth sailing.
What: Cincinnati Southern Railway Board of Trustees Where: Walnut Hills Branch of the Cincinnati and Hamilton County Public Library, 2533 Kemper Lane When: Tuesday at 3 p.m.
Norfolk Southern Corp. said it plans to acquire Cincinnati Southern Railway, a railway line that it currently leases from the city of Cincinnati, for around $1.62 billion.
In the Cincinnati Southern Railway lease, one section stands out because it entitles the city to a major cut of any revenue from laying fiber optic cables along the 337-mile line.
Trustees voted unanimously in November 2022 to sell the Cincinnati Southern Railway to Norfolk Southern for around $1.6 billion, but that deal could not be done without changes to state law.
Cincinnati Southern Railway, which carries Norfolk Southern trains between Cincinnati and Chattanooga, has triggered controversy over much of its 143-year life.
Cincinnati officials say safety regulations for the city-owned railway would not change if it’s sold to Norfolk Southern as proposed. Safety concerns are top of mind after a Norfolk Southern ...
Construction on the Cincinnati Southern Railway started in the early 1870s, about 10 years after the Emancipation Proclamation and about eight years after the last Confederate community of ...
The campaign for Issue 22, which would allow the city to sell the Cincinnati Southern Railway for $1.6 billion, has one funder. Cincinnati Business Courier Select a City ...
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