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Rail News: Rail Industry Trends

Pinsly to acquire two Arkansas short lines


The Surface Transportation Board recently granted Pinsly Railroad Co. an exemption to acquire Warren & Saline River Railroad Co. (WSR) by purchasing the short line’s stock from Potlatch Land & Lumber L.L.C. Pinsly also plans to acquire the Prescott and Northwestern Railroad Co. (PNW) from Potlatch Land via a stock purchase.

WSR owns and operates a five-mile line in Warren, Ark.; Potlatch Land is the only active shipper on the line. Pinsly’s Arkansas Midland Railroad Co. Inc. leases and operates a line that connects with WSR in Warren. PNW operates a five-mile line for switching operations in Prescott, Ark.

Pinsly — which also owns the Pioneer Valley Railroad Co., Florida Central Railroad Co. Inc., Florida Midland Railroad Co. Inc. and Florida Northern Railroad Co. Inc. — expects to finalize the acquisitions by year’s end.

Contact Progressive Railroading editorial staff.

More News from 11/6/2009