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6/12/2003
Rail News: Rail Industry Trends
Non-carrier to acquire Mississippi & Tennessee RailNet line, form new short line
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Mississippi Tennessee Holdings L.L.C. and Mississippi Tennessee Railroad recently filed a joint notice of exemption with Surface Transportation Board to acquire from Mississippi & Tennessee RailNet Inc. an 87.7-mile line between Houston, Miss., and Middleton, Tenn. The parties had planned to finalize the transaction in late May.
Non-carrier Mississippi Tennessee Holdings plans to form Mississippi Tennessee Railroad to operate the line.
Holding company North American RailNet Inc. owns and operates 87-mile Mississippi & Tennessee RailNet, as well as Alberta RailNet Inc.; Camas Prairie RailNet Inc.; Georgia & Florida RailNet Inc.; Illinois RailNet Inc.; and Nebraska, Kansas & Colorado RailNet Inc.
Non-carrier Mississippi Tennessee Holdings plans to form Mississippi Tennessee Railroad to operate the line.
Holding company North American RailNet Inc. owns and operates 87-mile Mississippi & Tennessee RailNet, as well as Alberta RailNet Inc.; Camas Prairie RailNet Inc.; Georgia & Florida RailNet Inc.; Illinois RailNet Inc.; and Nebraska, Kansas & Colorado RailNet Inc.
