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Rail News: Rail Industry Trends
6/12/2003
Rail News: Rail Industry Trends
Closer in proximity: California short lines plan merger
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Sierra Railroad Co. and Yolo Shortline Railroad Co. recently filed a joint exemption notice with Surface Transportation Board seeking to merge.
Under an agreement, 49-mile Sierra Railroad would acquire control of 27-mile Yolo Shortline Railroad by purchasing the stock of Yolo parent Midland Railroad Enterprises Corp.
The two short lines — located about 100 miles apart — hope to complete the transaction June 30.
Based in Oakdale, Calif., Sierra Railroad provides freight- and dinner-train services; based in Woodland, Calif., Yolo Shortline Railroad operates freight and excursion trains, and provides railroad design and maintenance services.
Under an agreement, 49-mile Sierra Railroad would acquire control of 27-mile Yolo Shortline Railroad by purchasing the stock of Yolo parent Midland Railroad Enterprises Corp.
The two short lines — located about 100 miles apart — hope to complete the transaction June 30.
Based in Oakdale, Calif., Sierra Railroad provides freight- and dinner-train services; based in Woodland, Calif., Yolo Shortline Railroad operates freight and excursion trains, and provides railroad design and maintenance services.
