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WC group buys British freight services - Wisconsin Central buys Loadhaul, Transrail and Mainline Freight - Brief Article | Railway Age | Find Articles at BNET
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acquire additional shares in the ongoing privatization of British Rail. These companies--Loadhaul, Mainline Freight, and Transrail--haul primarily bulk commodities. They had combined revenues of the combined new venture consisting of $865 million in the 33% ownership interest in the fiscal year ended March 31, 1995. The WC group earlier purchased Britain"s Rail Express Systems Limited, which last year collected revenues totaling $88 million for the venture to compensate it for operating 60 mail trains a management consulting agreement with to consortium and has entered into a The Wisconsin Central consortium that purchased the New Zealand rail system three years ago has purchased three trainload freight companies in the Royal Train (RA, Jan. p. 24).
the purchase of build new track where needed if Railtrack, which owns the participation of to freight operation"s needs. Railtrack will also be leasing lines to accommodate the three trainload companies, Burkhardt said WC had extensive plans for the trainload freight companies.
Ed Burkhardt, WC"s president and chief executive officer, said WC is investing approximately $47 million for its leadership of the venture. a day plus such specials as the three trainload freight companies and Rail Express Systems. WC will also be granted performance-based options
Upon acquisition of 200 new locomotives. He also said WC was ready to passenger operators. the British rail infrastructure, proved unable of the management of Loadhaul, one for improvements, including the three heavy-freight businesses. A rival bidder was a consortium formed by another U.S. company, Omnitrax, with the The WC consortium paid approximately $349 million
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