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Federated Railways purchases Tuscola & Saginaw Bay Railway
Federated Railways Inc. recently acquired the Tuscola & Saginaw Bay Railway Co. Inc. (TSB).
The 405-mile short line moves freight between Ann Arbor and northwest Michigan, interchanges with CSX Transportation, and provides rail equipment, rail-car and track repairs and maintenance services. TSB and state officials currently are discussing plans to provide year-round passenger-rail service from Ann Arbor to Traverse City and the Boyne Mountain area.
�Our goal is to continue to provide quality customer transportation services to all of the areas we serve in Michigan,� said Mike Bagwell, Federated Railways president and chief executive officer � who�ll also serve as TSB�s president and CEO � in a prepared statement.
A Federated Financial Corp. of America subsidiary, Federated Railways leases passenger cars and locomotives to transit agencies.