(The following appeared on the Progressive Railroading website on March 8, 2011.)
Watco Cos. L.L.C. recently filed a notice of exemption with the Surface Transportation Board (STB) to lease about 43.6 miles of lines from Norfolk Southern Railway between Maplesville and Autauga Creek, Ala., and in Autauga Creek. Watco also plans to acquire incidental trackage rights for a 10.1-mile CSX Transportation line between Autauga Creek and Montgomery, Ala.
The full story is on the Progressive Railroading website.