Seeing “significant opportunities to grow,” independent infrastructure manager Ancala and Arkadia Rail Partners have formed Phoenix Rail following the acquisition of short line rail company Lehigh Valley Rail Management.
Terms were not disclosed.
Ancala in a release said LVRM is Phoenix Rail’s first acquisition. LVRM owns and operates a 61-mile freight rail network and is headquartered in Bethlehem, Pa., where it operates an intermodal terminal. It maintains a transload facility in Johnstown,...
https://www.freightwaves.com/news/british-investor-buys-pennsylvania-shortline-railroad