In January 2025, Arkadia partnered with Ancala Partners to form Phoenix Rail, a short line railroad holding company.  Phoenix Rail’s first acquisition is Lehigh Valley Rail Management (LVRM), an owner and operator of rail and intermodal terminal infrastructure in Pennsylvania.  Through its operations in Bethlehem and Johnstown, LVRM connects shippers to the national rail network, providing competitive access to three Class 1 railroads in North America: Norfolk Southern, CSX, and CPKC.  The railroads are situated between multiple major metropolitan areas including New York City, Philadelphia, Baltimore and Washington DC. Its intermodal terminal and freight services are critical for enabling the transportation of freight through Northeastern USA.