The Surface Transportation Board has approved Fortress Investment Group’s acquisition of the Wheeling & Lake Erie Railway and Akron Barberton Cluster Railway. The acquisition will be effective Dec. 26. In a press release Wednesday , the board notes that the two properties will join six Class III railroads already in the Fortress portfolio (through rail company Transtar), that one customer currently served by both the W&LE and Transtar’s Union Railroad supported the transaction, and that there were no fili ...