Short line holding company Regional Rail, LLC, plans to acquire Minnesota Commercial Railway, according to documents filed with the U.S. Surface Transportation Board. The transaction is expected to occur on or around June 1.
Regional Rail was founded in 2007 and owns short lines in Florida, North Carolina, Pennsylvania, New York, New Jersey, Ohio, Indiana, Illinois and Saskatchewan. Minnesota Commercial Railway was formed in 1987 when it took over the operations of Minnesota Transfer Railway, which was jointly owned by Burlington Northern, Chicago & North Western, Soo Line, and a handful of fallen-flag holding companies. It operates on about 86 miles of track around Minneapolis and St. Paul.
According to filings, Regional Rail did not anticipate any major changes to Minnesota Commercial’s current operations…