Durden Enterprises II Inc - Formally Rail Management Corporation (RMC), based in
Panama City Beach, Florida, was a
holding company of
short line railroads in the southeastern
United States.
History
On May 26, 2005,
Genesee and Wyoming (G&W) announced that it has agreed to purchase RMC's railroad operations. G&W will pay
$243 million in cash and assume $1.7 million in company debt to gain control of 14 short line railroads from RMC across the southeastern
United States, as of June 1, 2005. The owners of RMC would then use cash derived from the sale to purchase several radio stations, including
WILN
WILN (105.9 FM, "Island 106") is a US commercial radio station located in Panama City, Florida. WILN airs a Top 40 (CHR) music format.
History
WILN signed-on on April 21, 1985, at 9:20 AM with a small 6 kW signal on 106.3 MHz as WLV ...
,
WKMX,
KDAY, and
WYYX
WYYX (97.7 FM) is a commercial radio station located in Panama City Beach, Florida that has its transmitter licensed for Bonifay, Florida, broadcasting to the Panama City, Florida area.
The station began live and local morning content in 2012 ...
among others.
Holdings
RMC held controlling interests in the following railroads:
*
AN Railway
The AN Railway is one of several shortline railroad companies owned by the Genesee & Wyoming parent company. It operates between Port Saint Joe, Florida and a connection with the Florida Gulf & Atlantic Railroad at Chattahoochee, Florida. The rai ...
*
Atlantic and Western Railway
The Atlantic and Western Railway is a Class III short-line railroad operating about of track in Lee County, North Carolina. Atlantic and Western is part of Genesee & Wyoming Inc. and formerly part of Rail Management and Consulting. It was r ...
*
Bay Line Railroad
The Bay Line Railroad is one of several short line railroad companies owned by Genesee & Wyoming Inc. It operates between Panama City, Florida, and Dothan, Alabama, including a branch from Grimes to Abbeville, Alabama, reached via trackage rights ...
*
Copper Basin Railway
The Copper Basin Railway is an Arizona short-line railroad that operates from a connection with the Union Pacific Railroad (UP) at Magma to Winkelman, in of length. The railroad also has a branch line that runs from Ray Junction to Ray, Arizo ...
*
East Tennessee Railway
The East Tennessee Railway, L.P. is a short line railroad connecting CSX Transportation and the Norfolk Southern Railway in Johnson City, Tennessee. Since 2005, the railroad has been owned by Genesee and Wyoming, an international operator of s ...
*
Galveston Railroad
The Galveston Railroad is a Class III terminal switching railroad headquartered in Galveston, Texas. It primarily serves the transportation of cargo to and from the Port of Galveston.
GVSR operates of yard track at Galveston, over a facility.
...
*
Georgia Central Railway
*
Kentucky West Tennessee
Kentucky ( , ), officially the Commonwealth of Kentucky, is a state in the Southeastern region of the United States and one of the states of the Upper South. It borders Illinois, Indiana, and Ohio to the north; West Virginia and Virginia to ...
(KWT)
*
Little Rock and Western Railway
The Little Rock and Western Railway is a Class III short-line railroad headquartered in Perry, Arkansas, and owned by Genesee & Wyoming Inc.
LRWN operates over a line from Danville, Arkansas to Pulaski, Arkansas, then over of Union Pacific R ...
*
Meridian and Bigbee Railroad
The M&B Railroad , formerly the Meridian and Bigbee Railroad, was a Class III railroad that operates 189 miles of railroad from Meridian, Mississippi eastward to Burkville, Alabama. Additionally, the M&B has trackage rights over CSX from Burkev ...
*
*
Valdosta Railway
The Valdosta Railway is a shortline railroad in the U.S. state of Georgia, connecting Clyattville to CSX Transportation and the Norfolk Southern Railway at Valdosta. The company began operations in 1992 as a subsidiary of the Rail Management a ...
*
Western Kentucky Railway
The Western Kentucky Railway was a shortline railroad in Kentucky, that connected coal mines with CSX Transportation at Providence. The lines were part of the Illinois Central Gulf Railroad until March 1982, when Costain Coal, Inc. bought the ...
*
Wilmington Terminal Railroad
The Wilmington Terminal Railroad is a shortline railroad serving the Port of Wilmington (North Carolina). It began operations in 1986 over trackage owned by the North Carolina Ports Railway Commission, whose other lines (at Morehead City) were s ...
References
* Genesee and Wyoming, Inc. (May 26, 2005),
Genesee & Wyoming Announces Agreement to Acquire Short Line and Port Railroads from Rail Management Corporation'. Retrieved May 27, 2005.
* Trains News Wire (May 26, 2005),
G&W to acquire Rail Management Corp. rail operations'. Retrieved May 27, 2005.
United States railroad holding companies
Defunct companies based in Florida
Genesee & Wyoming
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