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RailAmerica spends $12.7M to acquire 3 Alabama short lines

RailAmerica spends $12.7M to acquire 3 Alabama short lines
RailAmerica is spending $12.7 million in cash to buy three short-line railroads in Alabama. Combined, Three Notch Railroad, the Wiregrass Central Railroad and the Conecuh Valley Railroad hauled 6,000 carloads of freight last year. "We are pleased to add these high-quality assets to our existing Alabama rail franchise," said John Giles, CEO of RailAmerica. American City Business Journals/Birmingham, Ala. (4/11)

From www.aar.org

 

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