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28 Feb 2017

Railroad for Sale

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The city of New Orleans is seeking a private operator to purchase the NOPB Railroad in order to provide help with capital improvements and maintenance costs. According to New Orleans officials, it is hoped that the new agency will help improve commerce, as well as “maintain a competitive rate structure” to attract new customers. The NOPB connects with all six Class I railroads and provides switching and haulage service. An estimated one-third of all east-west rail traffic crosses the Huey P. Long Bridge segment of the railroad. The selection process is expected to be finalized by summer, and therefore all shippers who utilize this short line should be vigilant in getting ahead of any tariff or rules updates. 

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