CSX Transportation, Inc. Seeks Joint Use of Louisville & Indiana Railroad Company, Inc. Rail Line

Summary

CSX Transportation, Inc. and Louisville & Indiana Railroad Company, Inc. have filed an application with the Surface Transportation Board to jointly use and acquire a perpetual, non-exclusive railroad operating easement over the L&I Line, a rail line stretching from Indianapolis to Louisville, Kentucky, with CSXT paying $10 million and investing $70-90 million to improve the rail line for longer, faster, and heavier trains.