Mingus Mountain Railroad, LLC (MMRL) has filed a notice to acquire and operate a 38.74-mile rail line from Clarkdale Arizona Central Railroad, L.C. (CACR) in Arizona. MMRL is not a carrier yet but plans to run regular train services and acquire additional trackage rights after this transaction, becoming a Class III rail carrier. They assure that their annual earnings will not exceed $5 million, preventing them from becoming a larger Class I or II carrier. The transaction could be finalized by March 30, 2025, unless issues arise with the details provided in the notice.
Simple Explanation
Mingus Mountain Railroad wants to buy and run a train track from another company in Arizona to offer train rides. They promise not to earn too much money to become a big train company, and they hope to finish the deal by the end of March 2025.