I am a sceptic at this point in the economic cycle. I can't get to a reasonable valuation. That being said, Railamerica is about to do an IPO. This should give them some reasonable financial flexibility.

There are a lot of reasons why a PWX/NECR merger should be done (including CSO). I believe the obstacles great but it sure looks "right" on the map.
I think RA has other pressing needs so I wouldn't expect this to be mnore than dream in the near future.

I heard that the Wulfsons of the GNCR/VRY turned down a bid for the property. The consolidation is on the way. The question is who is the consolidator?