FTAI Infrastructure Gets Surface Transportation Board Approval for Wheeling Control

MT Newswires Live12-01

FTAI Infrastructure (FIP) said Monday the Surface Transportation Board approved its acquisition of Wheeling & Lake Erie Railway, effective Dec. 26.

The voting trust that has controlled Wheeling since the transaction closed Aug. 25 is expected to be dissolved on or shortly after the effective date, following which FTAI would assume the firm's control.

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