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
The United States seizes a 7th tanker: pressure mounts on sanctioned ships
New episode in the maritime tug-of-war over sanctions: the United States has seized a seventh tanker suspected of operating in...
China replaces US barrels with Canada: new impact on tanker routes
The geography of oil is shifting, and shipping feels it immediately. According to analyzes reported by BIMCO, Chinese crude oil...
The Port of Klaipėda Signs a Record Year Driven by Containers, LNG, and Ro-Ro
The Lithuanian port of Klaipėda announces a historic performance in 2025: 39 million tons handled, despite a tense geopolitical context...
Ocean Alliance maintains the detour via the Cape, while preparing a “Suez plan”
The Ocean Alliance (CMA CGM, COSCO Shipping, Evergreen, and OOCL) has just unveiled its “Day 10” East-West network, which will...