Wed, May 22, 2013, 2:48 AM EDT - U.S. Markets open in 6 hrs 42 mins
The derailment south of Louisville, KY this week was a Paducah and Louisville Railway train. CSX owns the majority of the holding company that owns PAL. Cleanup will be expensive..
I question that CSX holds a majority of the stock in the Paducah and Louisville . Their form R-1 shows that they hold stock in the Paducah and Illinois, which connected Metropolis, Il, with Paducah by building a bridge across the Ohio River, IIRC.