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RailAmerica completes acquisition of majority interest in the Wellsboro & Corning Railroad and Industrial Waste Group

(Source: RailAmerica press release, April 9, 2012)

JACKSONVILLE, Fla. — RailAmerica, Inc. announced today that it has completed its acquisition of a seventy-percent interest in the Wellsboro & Corning Railroad (WCOR) and Industrial Waste Group (IWG) from Myles Group for approximately $18 million.

RailAmerica, Inc. owns and operates short-line and regional freight railroads in North America, operating a portfolio of 44 individual railroads with approximately 7,400 miles of track in 28 U.S. states and three Canadian provinces.

Tuesday, April 10, 2012

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