TransloadX Railroad Company Acquires Operating Rights Over 37.1 Miles of CSX Lines in Maine
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
TransloadX Railroad Company, Inc. (TransloadX-RR), currently a noncarrier, has filed a verified notice of exemption with the Surface Transportation Board (STB) under 49 CFR 1150.31 to lease and operate approximately 37.1 miles of railroad lines from CSX Transportation, Inc. (CSXT) in Maine. The transaction covers two branches: the Augusta Branch (approximately 18.3 miles, Waterville to Augusta, Kennebec County) and the Bucksport Branch (approximately 18.8 miles, Bangor to Bucksport, Penobscot and Hancock Counties). Upon the exemption becoming effective on April 16, 2026 — 30 days after the verified notice was filed — TransloadX-RR will become a Class III short line railroad operator and assume all of CSXT's common carrier obligations along the Lines. This includes serving existing customers and developing new rail-served business. TransloadX-RR certifies the lease involves no interchange commitments and that projected annual revenues will not exceed $5 million. A petition for stay and revocation was filed on March 27, 2026 by Chalmers Hardenbergh, which will be addressed in a separate STB decision. Any additional petitions for stay must be filed by April 9, 2026. The transaction is categorically excluded from environmental review and historic preservation reporting requirements.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- TransloadX-RR will lease and operate approximately 37.1 miles of CSXT railroad lines in Maine, split between the Augusta Branch (18.3 miles) and Bucksport Branch (18.8 miles)
- Exemption becomes effective April 16, 2026 — earliest date the transaction may be consummated
- TransloadX-RR transitions from noncarrier to Class III short line railroad operator, assuming all CSXT common carrier obligations along the Lines
+ 3 more changes with Pro
Obligations
What this law requires
TransloadX-RR must assume all of CSXT's common carrier obligations to service existing customers located along the Augusta Branch (18.3 miles, Waterville to Augusta) and Bucksport Branch (18.8 miles, Bangor to Bucksport) railroad lines in Maine.
TransloadX-RR must develop new rail-served business along the leased Lines as part of assuming CSXT's common carrier obligations.
TransloadX-RR must not exceed projected annual revenues of $5 million, as certified in the verified notice of exemption.
TransloadX-RR must ensure lease terms do not include interchange commitments with CSXT or other carriers.
TransloadX-RR must not become a Class I or Class II rail carrier as a result of this transaction; must remain Class III short line operator.