STB

CHICAGO HEIGHTS, Ill. — CN announced an agreement with the City of Chicago Heights, Ill., located 26 miles south of downtown Chicago and six miles from the Indiana border, that addresses municipal concerns about CN’s proposed acquisition of the principal lines of the Elgin, Joliet & Eastern Railway Company (EJ&E). Under the agreement, CN will assist in the creation and maintenance of quiet zones and take various steps to improve operations, safety, fencing and emergency preparedness and promote economic development in Chicago Heights. The agreement is contingent upon regulatory approval of CN’s proposed acquisition of the EJ&E. The transaction is

WASHINGTON — The Surface Transportation Board announced that its Section of Environmental Analysis (SEA) has issued the Final Environmental Impact Statement (Final EIS) for the proposed acquisition by the Canadian National Railway and Grand Trunk Corporation of the Elgin, Joliet & Eastern Railway (EJ&E). Issuance of the Final EIS completes SEA’s environmental review process.  Upon reviewing and considering the Final EIS, and the extensive transportation related and environmental record developed in this case, the Board will independently issue a final decision either denying, approving, or approving with conditions the pending merger. Completion of SEA’s Final EIS should not be interpreted

WASHINGTON — The Surface Transportation Board announced it has established $16.6 million as the purchase price of the Central Oregon & Pacific Railroad Inc.’s (CORP) 111-mile railroad line, running from Danebo to Cordes, Ore. In a prior decision, the Board had ordered CORP to sell the line to the Oregon International Port of Coos Bay. The Board-established figure is approximately $2.9 million less than the $19.5 million that the Port testified it had available for the Line’s purchase. The Port must decide by Dec. 1 whether to accept the terms of sale established by the Board’s decision.  If the Port