Railroad discontinues service north of Saegertown [Yahoo! Finance]
Post Holdings, Inc. (POST)
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Source: Yahoo! Finance
Beyond the loss of "a handful" of jobs for Meadville-based railroad employees, the move is expected to have little impact, company President Bob Babcock said, as customers in Meadville and Saegertown will continue to be served from tracks extending south and west. "We're not taking any track out, we're not going to abandon it — we're just not going to operate on it because there's no business, honestly. There's no business," Babcock said in a phone interview this week. "Between Jamestown and Meadville last year — 70 miles — the total customer volume was three cars. Three — as in one, two, three." Federal authorities confirmed the move. "The railroad has implemented operational changes which resulted (in) personnel reductions," a Federal Railroad Administration spokesman told The Meadville Tribune in an email. In contrast to when a portion of track is abandoned, no notification is required when a company simply decides not to run trains on a specific rail line. The Western N
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