WASHINGTON — The Surface Transportation Board will take a closer look at Norfolk Southern’s proposal to officially control Virginia terminal railroad Norfolk & Portsmouth Belt Line.
CSX had asked the board to review competition issues involving NS and NPBL.
CSX and NS have been locked in a legal dispute over the NPBL for six years. NS has controlled the 36-mile NPBL since 1982 by virtue of its 57% ownership stake; CSX owns the other 43% of the railroad that was created as a neutral switching...
https://www.freightwaves.com/news/stb-to-scrutinize-ns-bid-to-control-norfolk-portsmouth-belt-line