Re: PIR for sale! Buy the SD&AE!
Author: cprr
Date: 02-09-2017 - 14:24
"PIR has entered into an asset purchase agreement with International Transportation Association (“ITA”) for the price of $3,800,000. ITA is an affiliate of Baja Rail. The sale is subject to overbidding. That means that other interested and qualified purchasers may bid for the assets at a sale hearing to be scheduled in the near future. The minimum overbid will be $3,875,000. PIR has solicited competing bids from other companies in the railroad and intermodal businesses."
So from one set of crooks to another.......No US company other than a scrapper would buy it, and even then it might not get much for the scrap....needs way to much work to make money.