(Source: Freight Waves, November 8, 2023)
Cincinnati voters decided on Election Day to allow their city to sell the Cincinnati Southern Railway to Norfolk Southern. Tuesday’s vote was 51.56% in favor of the sale and 48.44% against the sale, according to Ballotpedia. By votes, those supporting the sale were 43,173 and those against the sale were 40,559 — a difference of 2,614. The Cincinnati Southern Railway Board of Trustees owns the 382-mile railroad in a trust and leases it to NS for Cincinnati’s benefit. The city currently receives about $25 million annually from NS, according to a local news report in February. The city currently receives about $25 million annually from NS. Cincinnati officials announced in November 2022 that they were considering selling the railway to NS for $1.62 billion to help fund city infrastructure improvements.
Full story: Freight Waves