The investment fund created from the sale of the Cincinnati Southern Railway has recovered after suffering a major decline earlier this spring.
According to reporting by WVXU, the fund lost approximately $81 million in March shortly after the Iran war began and global markets reacted to geopolitical uncertainty.
Trustees said the fund has since rebounded…
Cincinnati began seriously pursuing the sale of the Cincinnati Southern Railway in late 2022.
The deal closed on March 15, 2024, for $1.6 billion. Today, more than two years later, the trust fund created from that sale, known as the Cincinnati rail fund, is approaching $2 billion.
On the surface, that looks like a success.…


