Delaware-Lackawanna signs five-year operating agreement extension

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SCRANTON, Pa. – The Delaware-Lackawanna Railroad has reached a five-year operating lease agreement extension with the Pennsylvania Northeast Regional Railroad Authority. The agreement covers more than 90 miles of track in Lackawanna, Wayne, Monroe, and Northampton counties in northeast Pennsylvania.

At its May meeting, the Authority's board voted unanimously to extend the agreement, set to expire later this year.

The Delaware-Lackawanna, a subsidiary of GVT Rail, serves more than 25 customers and has 30 employees in the Scranton area.

The Alco-powered short line had a record year in 2014, showing a 12.4 percent increase in carloads compared with 2013. It is also working with four potential new customers, which it expects to add in 2015.

NEWSWIRETrains News Wire

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