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
FAST Transport Carrier Pvt Ltd (India) – A Time-Critical Specialist Elevating Global Supply Chains
Based in Pune (Maharashtra), FAST Transport Carrier Pvt Ltd (FTC) has established itself over more than two decades as one...
Inside UPS Worldport — The Beating Heart of Global Deliveries
At two in the morning, the lights over Louisville International Airport turn the night sky amber.Engines roar, trolleys whistle, and...
CEVA Expands in Türkiye With $383 Million Takeover of Borusan Tedarik
The French logistics group CEVA is quietly tightening its grip on Eurasian trade routes.The company confirmed on Tuesday it has...
Panama Canal Bets $8.5 Billion on Water Security to Keep Global Trade Flowing
After months of tension among shipowners and forwarders, the Panama Canal Authority has finally decided to act.Two years of unpredictable...