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Rail Management Corporation (RMC), based in Panama City Beach, Florida , is a Holding Company of Short Line railroads in the southeastern United States . HISTORY On May 26 , 2005 , Genesee And Wyoming (G&W) announced that it has agreed to purchase RMC's railroad operations. G&W will pay $ 243 million in cash and assume $1.7 million in company debt to gain control of 14 Short Line railroads from RMC across the southeastern United States , as of June 1 , 2005 . HOLDINGS RMC holds controlling interests in the following railroads:
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