Durden Enterprises II Inc - Formally Rail Management Corporation (RMC), based in

Panama City Beach, Florida Panama City Beach is a resort town in Bay County, Florida, Bay County, Florida, United States, on the Gulf of Mexico coast. As of the 2010 United States Census, 2010 census it had a population of 12,018. The city is often referred to under the u ...

, was a

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

of short line railroads in the southeastern

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

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

, as of June 1, 2005. The owners of RMC would then use cash derived from the sale to purchase several radio stations, including WILN, WKMX,

KDAY KDAY (93.5 FM, "93.5 KDAY") is a radio station that is licensed to Redondo Beach, California and serves the Greater Los Angeles area. The station is owned by Meruelo Media and airs a classic hip hop format. The station's studios are located in ...

, and WYYX 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 ...

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 *

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 The Georgia Central Railway operates about of former Seaboard Coast Line track from Macon, Georgia through Dublin, Georgia and Vidalia, Georgia to Savannah, Georgia. It also operates about of trackage between Savannah and Riceboro, Georgia, swi ...

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 ...

Tomahawk Railway The Tomahawk Railway is the trade name employed by Genesee & Wyoming to operate of railroad in northern Wisconsin.Tomahawk Railway

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 {{US-rail-transport-stub