Florida Gulf & Atlantic: RailUSA Buys CSX Panhandle Line

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Florida Gulf & Atlantic: RailUSA Buys CSX Panhandle Line

Post by Jeff Smith » Wed Jun 05, 2019 12:06 pm

https://www.progressiverailroading.com/ ... ida--57727" onclick="window.open(this.href);return false;
RailUSA LLC has acquired a 430-mile Florida Panhandle rail line and related real estate from CSX Corp., the independent freight railroad and rail services holding company announced yesterday.

Now named Florida Gulf & Atlantic Railroad (FGA), the line operates from Baldwin to Pensacola, Florida, and passes through Tallahassee, Florida, with a connection to Attapulgus, Georgia.
FGA transports 30,000 carloads of freight annually, including aggregates, cement, grain, chemicals, wind turbine components, and other industrial products. Based in Tallahassee, FGA will continue to interchange with CSX, company officials said.

RailUSA is actively acquiring short lines and regionals. FGA is the company's second acquisition. In 2018, RailUSA acquired the Grenada Railroad, a 206-mile short line between Memphis, Tennessee, and Canton, Mississippi.
More: https://www.federalregister.gov/documen ... a-gulf-and" onclick="window.open(this.href);return false;
ilUSA, LLC (RailUSA) and American Rail Partners, LLC (ARP), each a noncarrier, have filed a verified notice of exemption pursuant to 49 CFR 1180.2(d)(2) to continue in control of Florida Gulf & Atlantic Railroad, LLC (FGA), upon FGA's becoming a Class III rail carrier. FGA is a newly formed noncarrier entity that is wholly owned by RailUSA. RailUSA, in turn, is wholly owned by ARP. Thus, RailUSA directly controls FGA, and ARP indirectly controls FGA.
This transaction is related to a concurrently filed verified notice of exemption in Florida Gulf & Atlantic Railroad—Acquisition & Operation Exemption With Interchange Commitment—CSX Transportation, Inc., Docket No. FD 36247. In that proceeding, FGA seeks an exemption under 49 CFR 1150.31 to acquire and operate approximately 373 miles of rail line in Florida and Georgia currently owned and operated by CSX Transportation, Inc., consisting of the following: (1) The Tallahassee Subdivision between Baldwin, Fla., at or near CSXT milepost SP 653.3, and Chattahoochee, Fla., at or near CSXT milepost SP 842.5; (2) the P&A Subdivision between Chattahoochee, at or near CSXT milepost 00K810.7, and Pensacola, Fla., at or near CSXT milepost 00K651.0; and (3) portions of the Bainbridge Subdivision between Tallahassee, Fla., at or near CSXT milepost SLC 52.0, and Attapulgus, Ga., at or near CSXT milepost SLC 79.0.
Company web-site: https://www.railusa.net/florida-gulf-atlantic-railroad/" onclick="window.open(this.href);return false;
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Re: Florida Gulf & Atlantic: RailUSA Buys CSX Panhandle Line

Post by WhartonAndNorthern » Tue Jun 11, 2019 11:06 am

Was this the deal that was "on hold" back in February or is this a different line?

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Re: Florida Gulf & Atlantic: RailUSA Buys CSX Panhandle Line

Post by Backshophoss » Tue Jun 11, 2019 1:25 pm

This was the "transaction" back in feb,Sale was reported in the June '19 issue of Railfan & Railroad.
On pg 30 of that same issue,Article on CSX ops on that trackage now sold off. :wink:
The Land of Enchantment is not Flyover country!

Roscoe P. Coaltrain
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Re: Florida Gulf & Atlantic: RailUSA Buys CSX Panhandle Line

Post by Roscoe P. Coaltrain » Thu Jun 27, 2019 12:16 pm

How many times is Gary Marino going to reincarnate himself and wrap himself in the flag in the process?

Patriot Rail

https://www.railusa.net/grenada-railroad/ (supposedly FG&A's corporate colors)

After awhile, people need a new shtick.

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