Port of Coos Bay, Union Pacific strike deal
Thursday, June 24, 2010
NORTH BEND, Ore. (AP) -- The Union Pacific Railroad has agreed to a donate a 22-mile segment of a rail line to the International Port of Coos Bay.
The Port purchased the section of the line stretching from Eugene to North Bend from the Central Oregon & Pacific Railroad.
The remaining segment -- from North Bend to Coquille -- had still been owned by Union Pacific.
In a filing with the Surface Transportation Board, the Port states the transaction with Union Pacific is expected to close within 30 days.
Information from: KQEN-AM, http://www.am1240kqen.com/