Southern Pacific lines will convey Coos Bay, White City and Siskiyou branches to short line operator, Railtex.SAN FRANCISCO--(BUSINESS WIRE)--Nov. 22, 1994--Southern Pacific Lines announced Tuesday an agreement for sale and lease of three Oregon branch lines, the Coos Bay, White City and Siskiyou branches, to the Central Oregon and Pacific Railroad The Central Oregon and Pacific Railroad (AAR reporting marks CORP) is a short-line railroad operating between Northern California and Eugene, Oregon, United States. It was previously a mainline owned by the Southern Pacific Railroad (SP) between Eugene and Weed, California Inc. (COPR), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of RailTex Inc., of San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. . RailTex through its subsidiaries operates some 2,700 miles of track in 15 states, Canada and Mexico. SP Vice President of Strategic Development Michael D. Ongerth said, "This sale to a recognized leader in the short lines industry means that shippers throughout the region will receive excellent freight service, as well as continued connection with Southern Pacific for shipments outside Oregon." The sale will transfer 336 miles of SP lines in Oregon, from Belleview to Springfield Jct., near Eugene, Oregon, and from Danebo (near Eugene) to Cordes, Oregon. COPR will have trackage track·age n. 1. Railway tracks. 2. a. The right of one railroad company to use the track system of another. b. The charge for this right. rights on SP between the line segments and SP's Eugene Yard. SP said the agreement also includes a lease (with an option to purchase) of an additional 24 miles of line between Cordes and Coquille co·quille n. A scallop-shaped dish or a scallop shell in which various seafood dishes are browned and served. [French, from Latin conch , and 80 miles between Belleview and Black Butte, Calif. Service would be restored by the Spring of 1995 on that portion of the line, which has not been used for through trains since late 1992. The closing of the transaction is conditioned upon the receipt of satisfactory regulatory approvals, SP said. Southern Pacific, the nation's sixth largest railroad, operates over a 15-state, 15,000-mile system in the Western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century and has six gateways into Mexico. A leading carrier of intermodel traffic, SP is currently in the second year of the largest upgrading of its locomotive fleet in the railroad's 139-year history. CONTACT: Southern Pacific Public Relations
Mike Furtney, 415/541-1652
Jack Martin, 415/541-1656
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