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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 United States dollar, $1.39 billion. Approval of the purchase was granted by the U.S. Surface Transportation Board on De ... [...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 operates in the Canadian province of Nova Scotia. CBNS operates 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 CBNS operates 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 valley ... [...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 remain ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortress Investment Group
Fortress Investment Group, LLC is an American investment management firm based in New York City. It was founded as a private equity firm in 1998 by Wes Edens, Rob Kauffman, Pete Briger, Michael Novogratz, and Randal Nardone. Overview When Fortress launched on the NYSE in February 2007, the firm was the first large private equity firm in the US to be traded publicly. In December 2017, Fortress was fully acquired by SoftBank Group, was delisted, and returned to being a privately held company. Fortress manages $44.7 billion of assets under management as of June 30, 2023, on behalf of over 1,900 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. In May 2023, Mubadala Investment Company agreed to acquire a majority stake in Fortress from Softbank for an undisclosed sum. The following year, in partnership with Fortress management, Mubadala completed the acquisition of the c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bauxite And Northern Railway
The Bauxite & 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. As of 2023, Bauxite & Northern Railway interchanges with Union Pacific in Bauxite, Arkansas and can hold up to 286,000 pounds of supplies. 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 w ... [...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 oper ... [...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, and the United Kingdom; and formerly in Australia. The company grew from the Class III railroad, Class III Genesee and Wyoming Railroad, founded in 1899. As of 2011, it operates more than of owned and leased track. As of 2021, G&W owns or leases 116 freight railroads organized in locally managed operating regions with 7,300 employees serving 3,000 customers. 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. Its UK/Europe region includes the Freightliner Group, 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 the U.S. Southeast and Mexi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
