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Thursday, February 9, 2012

Moran Offers $30 Million For Central PA Railroad

Moran ups rail assets offer to $30 million
February 9, 2012
By DAVID THOMPSON (dthompson@sungazette.com) ,
Williamsport Sun-Gazette

Logistics mogul John D. Moran Jr. is upping the ante in a bid to get into the railroad business.

Moran, the president of Watsontown-based Moran Industries, previously offered $12.5 million to buy the assets of the SEDA-Council of Governments Joint Rail Authority.

The assets include about 200 miles of track, engine houses and land in eight counties. The authority contracts with the private North Shore Railroad to provide rail service on five short lines in those counties.

Moran now is offering $30 million to the authority's member counties for those assets as well as the right to be the short line rail operator. More...

1 comment :

Anonymous said...

Are the Knox and Kane railroads included?. If so, is the new owner planning on extending rail transport to passenger services?