Fortress Transportation ... (NYSE:FTAI)
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1 Month : From Nov 2019 to Dec 2019
By Josh Beckerman
Canadian Pacific Railway Ltd. (CP.T, CP) has agreed to buy the Central Maine & Quebec Railway from Fortress Transportation & Infrastructure Investors LLC (FTAI), which "gives CP a true coast-to-coast network across Canada."
Central Maine & Quebec owns 481 miles of rail lines. A press release from the companies didn't state the deal price.
Fortress Transportation will retain ownership of Katahdin Railcar Services and the contract to operate at a 12-mile branch line in Ohio.
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(END) Dow Jones Newswires
November 20, 2019 19:57 ET (00:57 GMT)
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