Rail merger OK'd for grid from Canada to Florida

The Interstate Commerce Commission has approved the largest corporate memger in railroad history, a joining of the Chessie System with Family Lines in a railroad that will stretch from Canada to Florida. The new $6 billion company, to be known as CSX Inc., will operate 27,000 miles of track in 22 states, the District of CoLumbia, and Ontario. In approving the merger, the commission said it would improve transportation for the public through more efficient traffic routing, better consumer information, greater car supply, and improved car utilization and service.

of 5 stories this month > Get unlimited stories
You've read 5 of 5 free stories

Only $1 for your first month.

Get unlimited Monitor journalism.