TRANSPORT BRIEFS

TRANSPORT BRIEFS

RAILAMERICA CLOSES

$15 MILLION CREDIT DEALBOCA RATON, Fla. - RailAmerica Inc. announced Tuesday that it has

closed on a $15 million revolving credit facility with National Bank of Canada.

The three-year credit agreement expands the company's existing relationship with National Bank of Canada since an affiliate of NBC provided financing for RailAmerica's 1994 acquisition of Kalyn/Siebert Inc., a manufacturer of specialized truck trailers.

RailAmerica said the interest rate on the new credit facility is priced below the bank's prime rate, substantially reducing its interest expense on approximately $7 million of its existing institutional debt.

TACONITE OPERATIONS

RESUME AT TWO HARBORS

DULUTH, Minn. - The taconite trains started rolling into Two Harbors on Sunday and the laker Roger Blough steamed into port Monday, putting the Duluth, Missabe & Iron Range Railway taconite operations in Two Harbors back in business.

Duluth, Missabe & Iron Range shut down its Two Harbors railroad and boat- loading operations in late August, citing a window of opportunity that enabled the firm to consolidate operations in Duluth and cut costs for a month.

The move put 67 employees out of work. But, as the firm promised in August, operations in Two Harbors "are back to normal," said Bob Bennett, a Duluth, Missabe spokesman.

TRUCKING FIRM OWNER

SENTENCED IN DEATHS

CANTON, N.Y. - The owner of a small trucking company was sentenced to one to six years in state prison Monday for the deaths of three women.

Clark Phippen, 72, owns Clark Phippen Trucking of Winthrop, N.Y. The carrier operates 30 trucks, including the 10-wheel truck that blew a tire and struck a Chevy Blazer carrying three women last September.

Mr. Phippen, who was convicted of three counts of second-degree manslaughter in August, spoke in St. Lawrence County Court Monday.