RailAmerica acquires Wellsboro & Corning Railroad

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RailAmerica acquires Wellsboro & Corning Railroad

Postby atrainguy60 on Tue Apr 10, 2012 3:12 pm

http://www.railwayage.com/index.php/fre ... l?channel=

RailAmerica buys yet another railroad.
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Re: RailAmerica acquires Wellsboro & Corning Railroad

Postby MQT3001 on Tue Apr 10, 2012 5:45 pm

They already announced a 70% buy. This is just the release that they have completed it.
http://trn.trains.com/en/Railroad%20New ... rning.aspx

Small Clip:
JACKSONVILLE, Fla. – RailAmerica, Inc. announced it has completed its acquisition of a 70-percent interest in the Wellsboro & Corning Railroad and Industrial Waste Group from Myles Group for approximately $18 million.
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