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Rail News: M&A

Two RailAmerica short lines seek STB approval to merge

The Indiana & Ohio Railway Co. (IORY) and Indiana & Ohio Central Railroad Inc. (IOCR) recently filed an exemption notice with the Surface Transportation Board seeking approval to merge.

Owned by RailAmerica Inc., the short lines plan to combine under a corporate restructuring and be named the Indiana & Ohio Railway Co.

IORY operates over 498.2 track miles in Michigan, Ohio and Indiana; IOCR operates over 261.6 track miles in Ohio.

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More News from 5/19/2005