FTAI Infrastructure Inc. Announces Approval from the U.S. Surface Transportation Board for Control of The Wheeling Corporation and The Wheeling & Lake Erie Railway Company

Core Viewpoint - FTAI Infrastructure Inc. has received approval from the Surface Transportation Board for the acquisition of Wheeling & Lake Erie Railway Company, effective December 26, 2025, which will allow the company to integrate this railway into its existing Transtar freight rail operations [1] Group 1: Company Overview - FTAI Infrastructure Inc. focuses on investing in critical infrastructure sectors such as rail, ports and terminals, and power and gas, which collectively generate strong and stable cash flows with potential for earnings growth and asset appreciation [2] - The company is externally managed by an affiliate of Fortress Investment Group LLC, a prominent global investment firm [2]