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 (NYSE: NSC) for Cincinnati’s benefit. The city currently...