(The following appeared on The Journal of Commerce website on June 16, 2011.)
WASHINGTON, D.C. — Canadian National Railway will sell “substantially all of the assets” of Illinois Central RailMarine Terminal near New Orleans to Raven Energy.
CN expects the $73 million deal, which is subject to regulatory approval, to close in about 45 days. Raven is an affiliate of Foresight Energy and Cline Group.
Full story: www.joc.com