View Single Post
Old 12-16-2013, 02:10 PM   #2
ShortlinesUSA
Senior Member
 
ShortlinesUSA's Avatar
 
Join Date: Oct 2005
Posts: 822
Default

The news is out, and it's still "clear as mud."

http://bangordailynews.com/2013/12/1...antic-railway/

By that, I mean many people are saying this is no more than a catalyst bid to get things going, and Fortress doesn't really intend on operating the lines. However, Fortress is no stranger to railroads, having purchased RailAmerica and still being the parent company of the Florida East Coast Railway.

The speculation is on the separate north-south systems quickly being spun off to other operators, and the Moosehead being held by Fortress mainly for the real estate (as a potential pipeline ROW).

We'll see where it goes.
__________________
Mike Derrick

Shortline and Regional RR forum moderator
ShortlinesUSA is offline   Reply With Quote