SMART poised to take control of North Bay freight hauling, expanding beyond passenger service
A multimillion-dollar deal is in place to have SMART take over North Bay freight rail by buying out the region's lone hauler, a move that would hand SMART unified control
SMART poised to take control of North Bay freight hauling, expanding beyond passenger service
San Francisco, CA - 5/19/20
A multimillion-dollar deal is in place to have SMART take over North Bay freight rail by buying out the region’s lone hauler, a move that would hand SMART unified control of the local track system and make it one of a small group of agencies nationwide that controls both passenger and commercial shipping service.
Under the proposed deal, Northwestern Pacific Railroad Co. would sell its track rights and equipment for $4 million, and the state would kick in almost $4 million more to repay debt owed to the company by a financially troubled state agency that oversees North Coast commercial rail operations.
