Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DETROIT-Two Michigan railroad track lines are for sale. CSX Corp., one of the nation’s largest railroads, says it is selling two of its Michigan lines. One of the lines links Grand Rapids, Ludington and Manistee; the line other connects West Olive and Fremont.

CSX says separate deals are in the works for both lines, but no deals have been finalized. The lines account for 175 miles of the 812 miles of track that Jacksonville, FL-based CSX owns and operates in Michigan.

CSX says in one proposed deal, a partnership of four railway systems would purchase the 127 miles of track running from Grand Rapids to Manistee. Marquette Rail Corp.–a partnership of Progressive Rail Corp., Lake States Railway, Farm Rail Systems and TranSolutions Inc.–would own the tracks but lease the land from CSX.

The other proposal would have Michigan Shore Railroad leasing both the tracks and the land that make up the 48-mile rail line between West Olive in western Ottawa County and Fremont in southwestern Newaygo County. CSX spokeswoman Kim Skorniak says CSX is selling the lines as part of a larger program to redistribute its resources. CSX ships 186,000 carloads on Michigan tracks every year.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.