Who owns Transtar?
Transtar is owned by FTAI Infrastructure (the United States, NASDAQ: FIP), which has owned the brand since 28 July 2021.[1]
Evidence: FTAI Infrastructure Inc. Annual Report on Form 10-K filed 2026-03-16, SEC EDGAR, 16 March 2026. Verified from filings; last checked .
Key facts
- Current owner
- FTAI Infrastructure Inc. verified
- Owned since
- Owner HQ
- 🇺🇸 United States, New York
- Origin
- 🇺🇸 United States
- Category
- Travel & transport › Railways
- Parent ticker
- NASDAQ: FIP
- Last verified
- · 1 sources
About Transtar
Transtar is a group of six short-line freight railroads and one switching company: Gary Railway (Indiana), Lake Terminal Railroad (Ohio), East Ohio Valley Railroad (Ohio), Fairfield Southern (Alabama), Delray Connecting Railroad (Michigan), Texas & Northern Railroad (Texas) and Union Railroad (Pennsylvania). FTAI Infrastructure's 10-K says FTAI bought 100 percent of Transtar from U.S. Steel on 28 July 2021, and the group still serves two of U.S. Steel's largest production facilities under a 15-year rail partnership.
What FTAI Infrastructure's annual report says about Transtar
Sentences about Transtar from FTAI Infrastructure's latest annual filing[1], copied word for word.
Through operational improvements and potential long-term development projects, we intend to enhance performance of under-utilized Transtar assets.
Acquisition of Transtar On July 28, 2021, FTAI completed the purchase of 100% of the equity interests of Transtar, which was a wholly owned short-line railroad subsidiary of USS, for a cash purchase price of $640.0 million, subject to certain customary adjustments set forth in the Transtar Purchase Agreement (the "Transtar Acquisition").
As of December 31, 2025, Transtar has approximately 410 employees, of which approximately 340 are subject to collective bargaining agreements.
How often FTAI Infrastructure names Transtar in its annual report
A plain count of the times the name appears in the text of each annual report, not counting the start of a sentence. A brand that an owner writes about more is usually one it treats as central. The brand is named less often than it was three years earlier.
Ownership timeline of Transtar
- 2021 – present FTAI Infrastructure [1] verified
Where Transtar sits in FTAI Infrastructure
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full FTAI Infrastructure ownership tree →
See the full FTAI Infrastructure brand portfolio (2) →
Other brands owned by FTAI Infrastructure
FTAI Infrastructure controls 2 brands on Brandtree, 2 of them in travel & transport.
Also in travel & transport
Other brands in railways, and who owns them
The 91 brands in railways on Brandtree belong to 68 owners. The largest is DfT Operator, with 9; FTAI Infrastructure has 2.
| Brand | Owner | Owner based in |
|---|---|---|
| c2c | DfT Operator | 🇬🇧 United Kingdom |
| Avanti West Coast | FirstGroup | 🇬🇧 United Kingdom |
| Eurostar | SNCF | 🇫🇷 France |
| CPKC | CPKC | 🇨🇦 Canada |
| Linha 4 do Metrô de São Paulo | Motiva | 🇧🇷 Brazil |
| Hellenic Train | FS Italiane | 🇮🇹 Italy |
| KAI Commuter | KAI | 🇮🇩 Indonesia |
| LTG Cargo | LTG Group | 🇱🇹 Lithuania |
About the owner: FTAI Infrastructure
FTAI Infrastructure is a publicly listed company headquartered in New York, United States. Brandtree records 2 brands under its control, and it is listed as NASDAQ: FIP.
FTAI Infrastructure Inc. says in its FY2025 10-K that it acquires, develops and operates infrastructure for the transportation, energy and industrial products industries across four lines: railroad, ports and terminals, power and gas, and sustainability and energy transition. The railroad business, which made up 34 percent of 2025 revenue, comprises Transtar (100 percent bought from U.S. Steel by FTAI on 28 July 2021) and The Wheeling Corporation (100 percent purchased on 25 August 2025 for $1.05 billion). The company was formed in 2021 as a subsidiary of FTAI Aviation Ltd. and trades on Nasdaq as FIP.
FTAI Infrastructure: full profile, brands and acquisition history →
🇺🇸 Transtar and other American brands
Brandtree records a controlling owner for 2,399 brands that began in the United States. 461 of them (19%) are now controlled by a company headquartered in another country; Transtar is not one of them.
- ABF Freight — ArcBest 🇺🇸
- ABX Air — ATSG 🇺🇸
- Adcom Express — Radiant Logistics 🇺🇸
- Advanced Air — Advanced Air 🇺🇸
- Air Wisconsin — Air Wisconsin 🇺🇸
- Alaska Airlines — Alaska Air Group 🇺🇸
Frequently asked questions
Who is the parent company of Transtar?
The parent company of Transtar is FTAI Infrastructure, a publicly listed company headquartered in the United States.
Is Transtar American?
Yes. Transtar originated in the United States and its owner, FTAI Infrastructure, is also headquartered in the United States.
Since when has FTAI Infrastructure owned Transtar?
FTAI Infrastructure has owned Transtar since 28 July 2021.
Is Transtar still owned by FTAI Infrastructure?
Yes. As of 11 October 2026, Transtar is still owned by FTAI Infrastructure. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] FTAI Infrastructure Inc. Annual Report on Form 10-K filed 2026-03-16 — SEC EDGAR, SEC Form 10-K, published 16 March 2026; retrieved 5 October 2026.
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