Allegheny Valley Railroad to acquire portions of CSX lines

Allegheny Valley Railroad Co. (AVR) has filed a notice of exemption with the Surface Transportation Board (STB) to acquire from CSX 47.5 miles of rail lines that AVR has leased and operated since 2003 in and around Pittsburgh, Pennsylvania.

AVR stated in its application that it expects to execute a purchase and sale agreement with CSX shortly, according to the notice. AVR's leasehold interest in the lines will then be converted to an ownership interest.

The proposed acquisition involves portions of the W&P subdivision, the Tylerdale connecting track, the P&W subdivision and CSX's Glenwood Yard.

Additionally, AVR has proposed that the acquisition will not result in changes to the AVR's or CSX's rail operations, nor have an effect on the railroads' employees. Moreover, the agreement would not limit future interchanges with a third-party connecting carrier, the STB notice and decision document states.

Owned by Carload Express Inc., AVR expects to complete the transaction on or shortly after May 15.