FTAI Infrastructure Acquires Wheeling & Lake Erie Railway Amid Financial Challenges

Monday, Dec 1, 2025 11:40 am ET1min read

FTAI Infrastructure (FIP) has acquired Wheeling & Lake Erie Railway, effective December 26. The deal will integrate Wheeling's operations with FIP's Transtar freight rail business, expanding its infrastructure portfolio. However, FIP faces financial challenges, including a high debt-to-equity ratio and negative earnings growth. Despite this, FIP's valuation metrics suggest potential undervaluation, with a P/S ratio close to its 2-year low and a target price set at $11.67.

FTAI Infrastructure Acquires Wheeling & Lake Erie Railway Amid Financial Challenges

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