Saturday, January 9, 2010

Railroad buys line in pursuit of natural gas business
January 9, 2010

PORT CLINTON - Reading, Blue Mountain and Northern Railroad Inc. has bought about six miles of railroad in the Marcellus Shale region, according to a Friday press release.

The railroad bought the line, which runs between Towanda and Monroeton in Bradford County, from Joseph Zadrusky of Scranton on Dec. 30.

Railroad president Wayne A. Michel said the railroad could gain business from gas-well-servicing companies by transporting equipment.


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