Three major rail operators have struck a deal that will see a new freight corridor link Mexico, Texas and the US south east, as near-shoring drives capacity demand.
The agreement will see newly merged Canadian Pacific Kansas City Southern (CPKC) and CSX acquire and operate portions of Genesee & Wyoming-owned Meridian & Bigbee Railroad (MNBR) for a direct interchange connection in Alabama.
Running between Meridian in Mississippi and Montgomery in Alabama, MNBR operates under a combination of ownership and operating agreements. Under the deal, CPKC will acquire and operate the segment between Meridian and Myrtlewood, Alabama, while CSX will operate lines currently leased by MNBR east of Myrtlewood, resulting in an interchange between the two at or near Myrtlewood.
