Infrastructure investor Ancala has launched short line rail business Phoenix Rail, with its first deal being the acquisition of Lehigh Valley Rail Management which owns short line and terminal facilities at Bethlehem and Johnstown in Pennsylvania. www.railwaygazette.com

Leading independent infrastructure manager Ancala has partnered with Arkadia Rail Partners to form short line railroad platform Phoenix Rail with an experienced rail management team led by Alex Yeros. Phoenix Rail has today completed the acquisition of Lehigh Valley Rail Management (LVRM), an owner and operator of short line rail and intermodal terminal infrastructure in Pennsylvania. The transaction...