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Eastern Railroad Discussion > USS sells railroad operations to FortressDate: 06/09/21 15:00 USS sells railroad operations to Fortress Author: jgilmore Not many details about the new operations, but they have a 15-year agreement with USS to keep serving its mills. Read more here:
United States Steel Corp - U. S. Steel Announces Sale of Transtar, LLC to Fortress Transportation and Infrastructure Investors LLC for $640 Million (ussteel.com) JG Date: 06/10/21 12:47 Re: USS sells railroad operations to Fortress Author: SOO6617 Interesting that US Steel reused the Transtar LLC name to sell its remaining railroad assests. US Steel previously used the Transtar name when it spun out the DM&IR, EJ&E, B&LE, and Birmingham Southern railroads, plus the Great Lakes Fleet. Transtar was later sold to Blackstone Capital.
Date: 06/10/21 19:09 Re: USS sells railroad operations to Fortress Author: ShortlinesUSA Interesting point. I thought Transtar never ceased to exist, or sold in whole. But this sale is final consumation of what USS has been trying to do for years. If it's any hint of how long, there was a deal on the table several years ago to sell the Transtar railroads to RailAmerica, a long-gone company.
Mike Derrick Edited 1 time(s). Last edit at 06/10/21 20:04 by ShortlinesUSA. Date: 06/11/21 18:41 Re: USS sells railroad operations to Fortress Author: wmfan3798 It was Transtar when I worked for the URR 2008-2011.
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