Tuesday, April 10, 2012

RailAmerica completes Wellsboro and Corning Railroad and Industrial Waste Group deal

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RailAmerica, Inc., completed its acquisition of a 70-percent interest in the Wellsboro and Corning Railroad and Industrial Waste Group from Myles Group for approximately $18 million.

RailAmerica, Inc. owns and operates shortline 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.

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