Rail Management Corporation

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Durden Enterprises II Inc - Formally Rail Management Corporation (RMC), based in Panama City Beach, Florida, was a holding company of short line railroads in the southeastern United States.

Panama City Beach, Florida City in Florida, United States

Panama City Beach is a resort city in Bay County, Florida, United States, on the Gulf of Mexico coast. As of the 2010 census it had a population of 12,018. The city is often referred to under the umbrella term of "Panama City". Panama City Beach's slogan is "The World's Most Beautiful Beaches" due to the unique, sugar-white sandy beaches of northwest Florida.

A holding company is a company that owns other companies' outstanding stock. A holding company usually does not produce goods or services itself; rather, its purpose is to own shares of other companies to form a corporate group. Holding companies allow the reduction of risk for the owners and can allow the ownership and control of a number of different companies.

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History

On May 26, 2005, Genesee and Wyoming (G&W) announced that it has agreed to purchase RMC's railroad operations. G&W will pay $243 million in cash and assume $1.7 million in company debt to gain control of 14 short line railroads from RMC across the southeastern United States, as of June 1, 2005. The owners of RMC would then use cash derived from the sale to purchase several radio stations, including WILN, WKMX, KDAY, and WYYX among others.

United States dollar Currency of the United States of America

The United States dollar is the official currency of the United States and its territories per the United States Constitution since 1792. In practice, the dollar is divided into 100 smaller cent (¢) units, but is occasionally divided into 1000 mills (₥) for accounting. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars.

WILN CHR radio station in Panama City, FL

WILN is a US commercial radio station located in Panama City, Florida. WILN airs a Top 40 (CHR) music format.

WKMX CHR radio station in Enterprise, AL

WKMX is a radio station broadcasting a Top 40 (CHR) format. Licensed to Enterprise, Alabama, United States, the station serves the Dothan, Alabama, metropolitan area. WKMX-FM is a 100,000 watt heritage Top 40 station owned by Gulf South Communications and features a lineup with "The Bert Show" in mornings and "DC" in afternoons. WKMX-FM has been rated #1 with young adults and Women 18-34 multiple times. In addition, 106.7 KMX had their studios and offices in Enterprise for many years. As of 2019, WKMX-FM is still licensed to Enterprise, however the studios and business offices are now located in Dothan, AL.

Holdings

RMC held controlling interests in the following railroads:

AN Railway

The AN Railway is one of several shortline railroad companies owned by the Genesee & Wyoming parent company. It operates between Port Saint Joe, Florida and a connection with CSX's Pensacola & Atlantic and Tallahassee Subdivisions at Chattahoochee, Florida. The railroad no longer reaches its namesake city of Apalachicola, Florida, as the rails have been removed between Franklin and Apalachicola. The railroad operates approximately 96 miles (154 km) of track.

Atlantic and Western Railway

The Atlantic and Western Railway is a Class III short-line railroad operating about 10 miles (16 km) of track in Lee County, North Carolina. Atlantic and Western is part of Genesee & Wyoming Inc. and formerly part of Rail Management and Consulting. It was reorganized in 1927 from the Atlantic and Western Railroad.

Bay Line Railroad

The Bay Line Railroad is one of several short line railroad companies owned by Genesee & Wyoming Inc. It operates between Panama City, Florida, and Dothan, Alabama, including a branch from Grimes to Abbeville, Alabama, reached via trackage rights on CSX's Dothan Subdivision between Dothan and Grimes. The line interchanges with CSX's P&A Subdivision at Cottondale, Florida, and their Dothan Subdivision at the trackage rights section near Dothan, Alabama. It also interchanges with the Chattahoochee Bay Railroad in Dothan.

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RailAmerica company

RailAmerica, Inc., based in Jacksonville, Florida, was a holding company of a number of short-line railroads and regional railroads in the United States and Canada.

Galveston Railroad

The Galveston Railroad is a Class III terminal switching railroad headquartered in Galveston, Texas. It primarily serves the transportation of cargo to and from the Port of Galveston.

The Chattahoochee and Gulf Railroad was a short line railroad operating from 2003 to 2006 between Columbus, Georgia and Dothan, Alabama, on former Central of Georgia and Norfolk Southern tracks. Initially the railroad was a subsidiary of Gulf and Ohio Railways. In 2006, the railroad was acquired by Genesee & Wyoming Inc. and combined with the adjacent H and S Railroad out of Dothan to form the Chattahoochee Bay Railroad.

Little Rock and Western Railway

The Little Rock and Western Railway is a Class III short-line railroad headquartered in Perry, Arkansas, and owned by Genesee & Wyoming Inc..

Genesee & Wyoming American short-line railroad holding company

The Genesee & Wyoming Inc. (G&W) is an American short line railroad holding company, that owns or maintains an interest in 120 railroads throughout six countries: the United States, Canada, Australia, Belgium, Netherlands and the United Kingdom. It operates more than 15,500 miles (24,900 km) of owned and leased track, with more than 3,300 miles (5,300 km) under track-access arrangements. The company had its roots in the Class III Genesee and Wyoming Railroad, which began in 1899.

Carolina Coastal Railway

Carolina Coastal Railway is a shortline railroad that operates several lines in North Carolina and one line in South Carolina.

Valdosta Railway

The Valdosta Railway is a shortline railroad in the U.S. state of Georgia, connecting Clyattville to CSX Transportation and the Norfolk Southern Railway at Valdosta. The company began operations in 1992 as a subsidiary of the Rail Management and Consulting Corporation, and was acquired by Genesee & Wyoming Inc. in 2005.

Arizona Eastern Railway

The Arizona Eastern Railway is a Class III railroad that operates 265 miles (426 km) of railroad between Clifton, Arizona, and Miami, Arizona, in the United States. This includes trackage rights over the Union Pacific Railroad between Lordsburg, New Mexico, and Bowie, Arizona. The railroad serves the copper mining region of southeastern Arizona, and the agricultural Gila River Valley. Primary commodities are sulfuric acid, copper concentrate, copper anode and cathode, and copper rod and other copper processing materials. AZER also handles minerals, chemicals, building supplies and lumber. The railroad offers a transload location for lumber, building materials and other consumer commodities at Globe, Arizona.

Toledo, Peoria and Western Railway short-line railroad in Illinois & Indiana

The Toledo, Peoria and Western Railway is a short line railroad that operates 247 miles (398 km) of track from Mapleton, Illinois, through Peoria across Illinois to Logansport, Indiana. TP&W has trackage rights between Galesburg, Illinois, and Peoria, between Logansport and Kokomo, Indiana, and between Reynolds, Indiana, and Lafayette, Indiana. TPW has connections with UP, BNSF, NS, CSXT, CN, CP, CERA, CIM, KBSR and T&P. The railroad is now owned by Genesee & Wyoming Inc.

East Tennessee Railway

The East Tennessee Railway is a short line railroad connecting CSX Transportation and the Norfolk Southern Railway in Johnson City, Tennessee. Since 2005, the railroad has been owned by Genesee and Wyoming, an international operator of short line railroads, as part of its Rail Link group. The railroad uses a single diesel locomotive, SW1200 #214, to serve a small number of industries and a transloading facility, as well as to provide interchange services between NS and CSX.

Indiana Southern Railroad

The Indiana Southern Railroad is a short line or Class III railroad operating in the United States state of Indiana. It began operations in 1992 as a RailTex property, and was acquired by RailAmerica in 2000. RailAmerica was itself acquired by Genesee & Wyoming in December 2012.

Indiana and Ohio Railway

The Indiana and Ohio Railway is an American railroad that operates 570 miles (920 km) of track in Ohio, southern Michigan, and parts of southeastern Indiana. It is owned and operated by Genesee & Wyoming, who acquired the railroad in the 2012 purchase of RailAmerica. The Indiana and Ohio Railroad was formed in 1978 to operate a branch between Valley Junction, Ohio and Brookville, Indiana. The IORY's original line, acquired in 1985, connected Mason and Monroe, Ohio. The IORY set up a tourist operation known as the Indiana and Ohio Scenic Railway which operated over this line. The tourist train still operates out of Lebanon, Ohio under the ownership of the Cincinnati Railway Company (CRC) under the name Lebanon Mason Monroe Railroad. Another line, acquired in 1986, runs from Norwood to Brecon, Ohio. In 1991, the former DT&I between Washington Court House, Ohio and Springfield, Ohio came into the system via a designated operator agreement with the West Central Ohio Port Authority. The system expanded north into Michigan in 1997 when it acquired the remainder of the former DT&I mainline between Diann, Michigan and Springfield, Ohio. In 1994, it acquired two lines from Conrail in Springfield, Ohio: one between Springfield and Bellefontaine; and one between Springfield and Mechanicsburg. The Indiana and Ohio Central Railroad was the designated owner of these two lines until 2004. One of the I&O's major events took place in 1996 when it was acquired by RailTex. In 2000 RailTex was absorbed by RailAmerica and in 2004 the I&O absorbed the Indiana and Ohio Central Railroad. Genesee & Wyoming acquired RailAmerica in December 2012.

Chicago, Fort Wayne and Eastern Railroad

The Chicago, Fort Wayne and Eastern Railroad is a short line railroad offering service from Tolleston, Indiana to Crestline, Ohio, United States over the former Fort Wayne Line of the Pennsylvania Railroad. It began operations in 2004 as a division of the Central Railroad of Indianapolis (CERA), under the overall corporate ownership of RailAmerica. CFE operates 273 miles (439 km) of rail leased from CSX.

Ohio Central Railroad System rail network

The Ohio Central Railroad System is a network of short line railroads operating in Ohio and western Pennsylvania. It is owned by Genesee & Wyoming Inc.

Genesee & Wyoming Australia Rail freight operator company

Genesee & Wyoming Australia (GWA) is an Australian rail freight operator company. It is a subsidiary of Genesee & Wyoming (51%) and Macquarie Infrastructure & Real Assets (49%).

The Wilmington Terminal Railroad is a shortline railroad serving the Port of Wilmington. It began operations in 1986 over trackage owned by the North Carolina Ports Railway Commission, whose other lines were simultaneously leased to the Carolina Rail Services Company. The company is owned by Rail Link, Inc., a subsidiary of Genesee & Wyoming Inc., which acquired it from the Rail Management Corporation in 2005.

The Western Kentucky Railway was a shortline railroad in Kentucky, that connected coal mines with CSX Transportation at Providence. The lines were part of the Illinois Central Gulf Railroad until March 1982, when Costain Coal, Inc. bought the trackage and set up the Tradewater Railway to operate it. In January 1995, the Rail Management and Consulting Corporation acquired the property and transferred it to the new Western Kentucky Railway. Genesee & Wyoming Inc. acquired it from the Rail Management Corporation in 2005. In 2010, WKRL abandoned all of its remaining lines north of Providence, and the rails were removed shortly after. The only remaining tracks that were originally owned by WKRL are operated by Martin Marrieta Aggregates' Fredonia Valley Railroad from Princeton to Fredonia.

Huron and Eastern Railway

Huron and Eastern Railway is a short line railroad operating 394 miles (634 km) of track in The Thumb and Flint/Tri-Cities area of the lower peninsula of Michigan. It is currently owned by Genesee & Wyoming, Inc., who purchased it from Rail America in 2012. Its headquarters is in the former Michigan Central Railroad depot in Vassar, Michigan.

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