Rail Management Corporation

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Rail Management Corporation (RMC), based in Panama City Beach, Florida, is a holding company of short line railroads in the southeastern United States.

[edit] History

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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.

[edit] 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
• Meridian & Bigbee Railroad
• Tomahawk Railway
• Valdosta Railway
• Western Kentucky Railway
• Wilmington Terminal Railroad

[edit] 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.