Post by nate on Apr 10, 2012 13:47:00 GMT -5
RailAmerica Completes Acquisition of Majority Interest in the Wellsboro and Corning Railroad and Industrial Waste Group
JACKSONVILLE, Fla., April 9, 2012 /PRNewswire/ -- RailAmerica, Inc. (NYSE: RA) announced today that it has completed its acquisition of a seventy-percent interest in the Wellsboro and Corning Railroad ("WCOR") and Industrial Waste Group ("IWG") from Myles Group for approximately $18 million.
RailAmerica, Inc. owns and operates short-line and regional freight railroads in North America, operating a portfolio of 44 individual railroads with approximately 7,400 miles of track in 28 U.S. states and three Canadian provinces.
investor.railamerica.com/phoenix.zhtml?c=66000&p=irol-newsArticle&ID=1681200&highlight=
JACKSONVILLE, Fla., April 9, 2012 /PRNewswire/ -- RailAmerica, Inc. (NYSE: RA) announced today that it has completed its acquisition of a seventy-percent interest in the Wellsboro and Corning Railroad ("WCOR") and Industrial Waste Group ("IWG") from Myles Group for approximately $18 million.
RailAmerica, Inc. owns and operates short-line and regional freight railroads in North America, operating a portfolio of 44 individual railroads with approximately 7,400 miles of track in 28 U.S. states and three Canadian provinces.
investor.railamerica.com/phoenix.zhtml?c=66000&p=irol-newsArticle&ID=1681200&highlight=