Aug 9, 2015 2:26 PM
Rail giant has deal to purchase short rail line between Vermont and NH
The Associated Press
WHITE RIVER JUNCTION, Vt. — One of the country's smallest railroad lines is becoming part of one of the biggest rail carriers in the world.
The Valley News reports the Upper Valley short line that shuttles freight over the Connecticut River between White River Junction, Vermont, and West Lebanon, N.H., is being acquired by Genesee & Wyoming.
The Connecticut-based railroad giant filed a notice Thursday that it's reached a purchase agreement with Claremont Concord Railroad to acquire its railroad line in Claremont, N.H. and lease to operate over a state-owned line in West Lebanon.
Claremont Concord Railroad's owner didn't respond to messages seeking comment.
Genesee & Wyoming spokesman Michael Williams confirmed that the company is buying the line, but didn't comment further. The company owns or leases 120 freight railroads around the world.