Rail network expanding in the Midwest
3i-backed Regional Rail, an owner and operator of short-line freight railroads across North America, has agreed to acquire Agracel Rail Holdings’ three railroads, namely the Effingham Railroad, the South Point & Ohio Railroad and the Illinois Western Railroad, all located in the Midwest of the USA.
The class III railroads serve industrial customers in a variety of markets, including chemicals, aggregates and lumber.
In October Regional Rail commenced freight rail operations at the port of Indiana-Burns Harbor, via its new Burns Harbor Railroad subsidiary. This represented its first operation in the Midwest. Since 3i and Regional Rail entered their partnership in 2019 the latter has grown to thirteen freight railroad operations in North America. (ben)