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RailAmerica
RailAmerica, Inc., based in Jacksonville, Florida, was a holding company of a number of short-line railroads and regional railroads in the United States and Canada. In 2007, RailAmerica was acquired by Fortress Investment Group. Before that, it traded on the New York Stock Exchange with the ticker symbol RRA. It was relisted in October 2009 with the ticker symbol RA. On June 30, 2010, the company announced that it had acquired Atlas Railroad Construction, a construction and maintenance company operating in the Northeast and Midwest United States, for US$24 million. In April 2011, RailAmerica made its first shortline purchase in over five years by initiating a deal with Gulf and Ohio Railways to acquire three Alabama shortlines for $12.7 million. On July 23, 2012, Genesee & Wyoming Inc. announced that it intended to purchase RailAmerica in a deal valued at $1.39 billion. Approval of the purchase was granted by the U.S. Surface Transportation Board on December 19, 2012. Wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RailAmerica Logo
RailAmerica, Inc., based in Jacksonville, Florida, was a holding company of a number of short-line railroads and regional railroads in the United States and Canada. In 2007, RailAmerica was acquired by Fortress Investment Group. Before that, it traded on the New York Stock Exchange with the ticker symbol RRA. It was relisted in October 2009 with the ticker symbol RA. On June 30, 2010, the company announced that it had acquired Atlas Railroad Construction, a construction and maintenance company operating in the Northeast and Midwest United States, for US$24 million. In April 2011, RailAmerica made its first shortline purchase in over five years by initiating a deal with Gulf and Ohio Railways to acquire three Alabama shortlines for $12.7 million. On July 23, 2012, Genesee & Wyoming Inc. announced that it intended to purchase RailAmerica in a deal valued at $1.39 billion. Approval of the purchase was granted by the U.S. Surface Transportation Board on December 19, 2012. Wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cape Breton And Central Nova Scotia Railway
The Cape Breton and Central Nova Scotia Railway is a short line railway that operated in the Canadian province of Nova Scotia. CBNS operated () of main line and associated spurs between Truro in the central part of the province to Point Tupper on Cape Breton Island. The rail lines operated by CBNS were previously owned by the Canadian National Railway. CBNS began operations in 1994 after the rail lines was purchased in October 1993 by the holding company RailTex. The purchase and operation of this route made CBNS one of the first short line railways to operate a route previously owned by a Canadian Class I railroad. On February 4, 2000, RailTex and all of its assets, including CBNS, were sold to the holding company RailAmerica. On December 12, 2012, RailAmerica and all of its assets, including CBNS, were sold to the holding company Genesee & Wyoming. Route The CBNS main line crosses varied scenery in central and eastern Nova Scotia including mixed farmland, river val ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Florida East Coast Railway
The Florida East Coast Railway is a Class II railroad operating in the U.S. state of Florida, currently owned by Grupo México. Built primarily in the last quarter of the 19th century and the first decade of the 20th century, the FEC was a project of Standard Oil principal Henry Flagler. He originally visited Florida with his first wife, Mary; they sought assistance with the health issues she faced. A key strategist who worked closely with John D. Rockefeller building the Standard Oil Trust, Flagler noted both great potential and a lack of services during his stay at St. Augustine. He subsequently began what amounted to his second career, developing resorts, industries, and communities all along Florida's shores abutting the Atlantic Ocean. The FEC is possibly best known for building the railroad to Key West, completed in 1912. When the FEC's line from the mainland to Key West was heavily damaged by the Labor Day Hurricane of 1935, the State of Florida purchased the remaini ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Carolina Central Railroad
The South Carolina Central Railroad is a class III railroad that operates of former CSX Transportation trackage in South Carolina. Originally a RailTex subsidiary upon its start in 1987, the railroad passed to RailAmerica following their acquisition of RailTex in 2000 and passed to the Genesee & Wyoming Railroad upon its acquisition of RailAmerica. Primary commodities include steel, chemicals, trash, and plastics, amounting to about 30,000 carloads in 2008. Interchange is made with CSX at Florence. History Both routes that comprise the South Carolina Central were of Seaboard Air Line and Atlantic Coast Line heritage. The oldest segment originally ran from Cheraw through Society Hill and Floyd before ending at Florence. It was constructed by the Cheraw and Darlington Railroad prior to the Civil War. The segment connecting Hartsville to Floyd was built by the Hartsville Railroad in 1890 for the purpose of connecting with the Cheraw & Darlington. Both segments were absorbed i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortress Investment Group
Fortress Investment Group is an American investment management firm based in New York City. Fortress was founded as a private equity firm in 1998 by Wes Edens, Rob Kauffman, and Randal Nardone. When Fortress launched on the NYSE in February 2007, it was the first large private equity firm in the US to be traded publicly. As of June 30, 2020, the firm manages approximately $45.5 billion alternative assets in private equity, liquid hedge funds and credit funds. History 1998–2010 Fortress Investment Group LLC was founded as a private equity firm in 1998 by Wesley R. Edens, a former partner at BlackRock; Rob Kauffman, a managing director at UBS; and Randal A. Nardone, also a managing director at UBS. Fortress quickly expanded into hedge funds, real estate-related investments and debt securities, run by Michael Novogratz and Pete Briger, both former partners at Goldman Sachs. Fortress's investments grew rapidly, with its private equity funds netting 39.7% between 1999 and 2006. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bauxite And Northern Railway
The Bauxite and Northern Railway is a Class III railroad operating in the United States state of Arkansas. BXN operates over of track in Bauxite, Arkansas. Traffic consists of largely of alumina, and the railroad hauls 4,059 carloads per year. In 2005, the railroad was purchased by holding company RailAmerica. In December 2012, Genesee & Wyoming acquired the railroad in its acquisition of RailAmerica. History The Bauxite and Northern Railway was incorporated in Arkansas on November 13, 1906 and began operations in 1907, for the purpose of constructing and operating a railroad from the town of Bauxite Saline County to a junction with the St. Louis, Iron Mountain and Southern Railway. The BXN connected with the Rock Island at Bauxite, and connected with the Missouri Pacific at BN Junction. For the railroad's first 100 years, it was a wholly owned subsidiary of the Aluminum Company of America. The connection for the old Rock Island is now gone, but the remnants are still v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carolina Piedmont Railroad
The Carolina Piedmont Railroad is a class III railroad and subsidiary of Genesee & Wyoming Inc. operating in the Upstate region of South Carolina. From an interchange with CSX Transportation at Laurens the railroad runs to the northwest, terminating at East Greenville. Primary commodities include plastic resins, gas turbines, wind turbines, food products, forest products, and chemicals with the railroad accumulating about 5,500 annual carloads in 2008. The railroad serves a General Electric facility that provides a source of high value cargo for the line, shipping several gas and wind turbines via rail on an as needed basis. History What is now the Carolina Piedmont railroad began as the Greenville and Laurens Railroad, which was chartered in 1878 and arrived in Greenville in 1882. The railroad was later merged with three others in the region to form the Port Royal and Western Carolina Railway in October 1886. In 1896, the railroad was merged, this time with the Port Royal a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
California Northern Railroad
The California Northern Railroad is one of several Class III short-line railroad companies owned by Genesee & Wyoming, Inc. It operates over Southern Pacific Railroad (SP) tracks (now Union Pacific Railroad) under a long-term lease. The CFNR was originally owned by the Park-Sierra Rail Group (owner David L. Parkinson of St. Helena, California), who also owned the Arizona and California Railroad and the Puget Sound and Pacific Railroad. The CFNR was later sold to RailAmerica in 2002. Genesee & Wyoming, another shortline holding company, bought RailAmerica in December 2012. The railroad transports mainly food and agricultural commodities, as well as stone products. It moved around 26,000 carloads of goods in 2008. Lines Operated SP & Old NWP (Suisun/Fairfield - Willits) Current Suisun/Fairfield - Schellville Presently, the CFNR only operates between Suisun/ Fairfield to a connection with the Northwestern Pacific Railroad at Schellville, California. The CFNR also operated ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arizona And California Railroad
The Arizona and California Railroad is a class III short line railroad that was a subdivision of the Atchison, Topeka and Santa Fe Railway (ATSF). The ARZC began operations on May 9, 1991, when David Parkinson of the ParkSierra RailGroup purchased the line from the Santa Fe Railway. ParkSierra Railgroup was purchased in January 2002 by shortline railroad holding company RailAmerica. The Genesee & Wyoming shortline railroad holding company purchased RailAmerica in December 2012. ARZC's main commodities are petroleum gas, steel, and lumber; the railroad hauls around 12,000 carloads per year. Route At Cadiz, California, the railroad begins in the interchange with the BNSF Railway and continues southeast across the Mojave Desert to Rice, then east to cross the Colorado River Arizona/California state line at Parker, Arizona. The railroad continues southeast to Hope near Vicksburg then northeast to Matthie (near Wickenburg, Arizona). At Matthie, ARZC has trackage rights over the nor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alabama And Gulf Coast Railway
The Alabama and Gulf Coast Railway is a Class II railroad owned by Genesee & Wyoming. It operates of track from the Pensacola, Florida export terminals, west of downtown, north to Columbus, Mississippi, with trackage rights along BNSF Railway to Amory, Mississippi. A branch uses trackage rights along Norfolk Southern from Kimbrough, Alabama west and south to Mobile, Alabama, with separate trackage at the end of the line in Mobile. History Predecessor lines The current AGR is composed of numerous lines built during the late 19th and early 20th centuries, which were gradually consolidated into a system that was purchased by the St. Louis – San Francisco Railway and remained under that railroad or its successor's control until 1997, when it was spun off into an independent company. Pre-1922 The earliest ancestor of the AGR was the Pensacola and Mobile Railroad and Manufacturing Company, which in 1861 constructed of track between Muscogee, Florida and Cantonment, Florida. This ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Genesee & Wyoming Inc
Genesee & Wyoming Inc. (G&W) is an American short line railroad holding company, that owns or maintains an interest in 122 railroads in the United States, Canada, Belgium, Netherlands, Poland, United Kingdom and formerly Australia. It operates more than of owned and leased track. G&W owns or leases 116 freight railroads organized in locally managed operating regions with 7,300 employees serving 3,000 customers. The company had its roots in the Class III Genesee and Wyoming Railroad, which began in 1899. G&W's four North American regions serve 42 U.S. states and four Canadian provinces and include 113 short line and regional freight railroads with more than 13,000 track-miles. G&W's UK/Europe Region includes the U.K.’s largest rail maritime intermodal operator and second-largest freight rail provider, as well as regional rail services in Continental Europe. G&W subsidiaries and joint ventures also provide rail service at more than 30 major ports, rail-ferry service between th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gulf And Ohio Railways
Gulf & Ohio Railways is a holding company for four different short-line railroads in the Southern United States, as well as a tourist-oriented passenger train, and locomotive leasing and repair service through Knoxville Locomotive Works. Gulf & Ohio maintains its corporate headquarters in Knoxville, Tennessee. The company owns railroads carrying a wide variety of commodities, generating around 40,000 annual carloads over approximately 225 miles of track. History Gulf & Ohio Railways was founded by Pete Claussen concurrent with the start up of the first G&O shortline, the Mississippi Delta Railroad in 1985. The Alabama & Florida and Wiregrass Central soon followed as the next additions to the Gulf & Ohio network, beginning operations in 1986 and 1987 respectively. Expansion The company continued modest expansion throughout the 1990s, acquiring new railroads in Alabama, Georgia, Florida, North Carolina, Tennessee, and Kentucky. These new additions included the Atlantic & Gul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
