FTAI Acquires Wheeling Corp for $1.05 Billion
By Maria Kalamatas | August 8, 2025
New York — FTAI Infrastructure has completed a deal to buy The Wheeling Corporation. The value of the transaction is 1.05 billion dollars.
Wheeling owns about 300 miles of freight rail lines. The network is located in Ohio, Pennsylvania, and West Virginia. It serves industrial clients in steel, construction, and chemicals.
“This is a solid step for our long-term strategy,” said an FTAI executive on Wednesday.
The company will integrate these tracks into its broader logistics system. It plans to connect the lines with warehouses and terminals already under development.
The acquisition was funded by Fortress Investment Group. It reflects FTAI’s focus on essential infrastructure in underserved U.S. markets.
The deal is expected to close by the end of the year, pending approval.
The post FTAI Acquires Wheeling Corp for $1.05 Billion appeared first on The Logistic News.
Share this post
Related
Posts
MEXICO – Truckers’ roadblocks disrupt North American flows
Since dawn, several Mexican highways have looked more like improvised parking lots than logistical corridors. Groups of drivers block entire...
China Cargo Airlines launches new Paris–Shanghai freight service
China Cargo Airlines inaugurates a direct Paris–Shanghai freight flight, complemented by feeder road connections across Western Europe. This corridor meets...
Hudong-Zhonghua de Chine établit un nouveau record pour les livraisons de méthaniers
Chinese shipbuilder Hudong-Zhonghua Shipbuilding today delivered its ninth LNG carrier of the year, marking a new record for a single...
Onboard cameras: technology alone is insufficient in the absence of a true policy
The problem of cameras mounted on trucks was discussed at the Trimble Insight 2025 trade exhibition mainly from the aspect...