Production of next-generation Acela Express fleet underway
Stadler unveils TEX Rail Flirt DMU
Siemens invests in remote monitoring specialist Wi-Tronix
DB consortium selected for California high speed rail
Judge puts the skids on state’s proposed rail trail
Amtrak's CEO shares his vision for rail's future
Flight Rail: a new type of train?
America’s short lines play the long game
New York rail operator bolsters security after London bombing
Ironhorse Resources has acquired the San Pedro & Southwestern Railroad from ARG Transportation Services, and renamed it as the San Pedro Valley Railroad.
The transaction announced on October 17 was handled by specialist company RR Mergers & Acquisitions.
The Class III short line serves regional businesses in Cochise County, Arizona, with connections to Union Pacific at Benson and Willcox. Traffic includes agricultural, chemical, feed grain, mining and construction products.
‘The San Pedro Valley Railroad is a valuable regional franchise serving a diverse customer base and is a natural fit’, said IHR President Matt Cundiff. ‘We are very excited to have Aaron Lovelady continue as General Manager supported by the rest of his team. We are looking forward to transitioning this tremendously successful team of operators in to our family of operations.’
IHR is the parent company of eleven operating companies including five short line railways, three transload facilities and two road haulage companies.
This article first appeared on www.railwaygazette.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2019 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.