FTAI Infrastructure Inc. Receives Approval for Control of Wheeling Corporation and Railway Company

FTAI Infrastructure Inc. has received approval from the U.S. Surface Transportation Board for the acquisition of The Wheeling Corporation and The Wheeling & Lake Erie Railway Company, effective December 26, 2025. The transaction is expected to combine operations with FTAI's existing Transtar freight rail business. The company primarily invests in critical infrastructure with high barriers to entry across the rail, ports and terminals, and power and gas sectors.