(Railfan & Railroad Magazine, August 7, 2025)
The Wheeling & Lake Erie, the over 800-mile regional railroad that runs through Ohio, West Virginia, Maryland, and Pennsylvania, is being sold to FTAI Infrastructure, Inc., for $1.05 billion. Once approved by federal regulators, the railroad will become part of FTAI’s Transtar. Transtar operates seven different short lines across the country, including the Union Railroad Company, which interchanges with W&LE.
The railroad stated that the W&LE’s current brand will stay the same. The sale is expected to close during the third quarter of this year, when the railroad will be put into a voting trust pending approval by the U.S. Surface Transportation Board.
Full story: Railfan & Railroad Magazine