Media Kit » Try RailPrime™ Today! »
Progressive Railroading
RAILROADS
RAILROADS
TRENDING

JOB POSTINGS
PRODUCTS
EDUCATION & EVENTS
MAGAZINES
Progressive Railroading
Buyers' Guides
INFO
SEARCH
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.




railPrime
View Current Digital Issue »


News

Rail News Home M&A

11/15/2007



Rail News: M&A

Progressive Rail to lease UP track in Minnesota, form new short line


advertisement

Progressive Rail Inc. is seeking Surface Transportation Board (STB) approval to control Montgomery Short Line L.L.C., a new short line Progressive Rail plans to form after leasing track from Union Pacific Railroad in Minnesota, according to a STB filing.

Progressive Rail recently reached an agreement with UP to lease and operate 23.5 miles of track between Merriam and Montgomery, Minn. The parties expect to finalize the transaction on or after Nov. 24 pending a STB exemption.

Progressive Rail owns and operates lines in Minnesota and Wisconsin, and controls Central Midland Railway Co., which owns and operates rail property interests in Missouri.