Rail Management Corporation
Encyclopedia : R : RA : RAI : Rail Management Corporation
Company logo
Rail Management Corporation (RMC), based in Panama City Beach, Florida, is 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.
Holdings
RMC holds controlling interests in the following railroads:- AN Railway
- Atlantic and Western Railway
- Bay Line Railroad
- Copper Basin Railway
- East Tennessee Railway
- Galveston Railroad
- Georgia Central Railway
- KWT Railway
- Little Rock and Western Railway
- M&B Railroad
- Tomahawk Railway
- Valdosta Railway
- Western Kentucky Railway
- Wilmington Terminal Railroad
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.
From Wikipedia, the Free Encyclopedia. Original article here. Support Wikipedia by contributing or donating.
All text is available under the terms of the GNU Free Documentation License See Wikipedia Copyrights for details.