Growth Strategy
Organic Growth
- Targeting 5% organic revenue growth through service initiatives
- 7% organic growth year-to-date
- Seeking strategic, accretive acquisitions with strong free cash flow that complement our existing railroads
- Class I branch line sales
- Short line holding companies
- Independent short line operators
- Industrial railroads
- Properties should have diversified, growing customer base and sound infrastructure
- Completed Central Michigan Railway acquisition in January 2004
- Completed Chicago, Fort Wayne & Eastern Railway Railroad acquisition in August 2004
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