"By selling Transtar to an experienced railroad operator, U. S. Steel can better focus on our broader Best for All strategy," said U. S. Steel President and Chief Executive Officer David B. Burritt. "By monetizing our railroad assets at an implied multiple well above our existing valuation, we create immediate value for our stockholders. In addition, the strong partnership we have created with FTAI will ensure continued support of our steelmaking facilities with predictable and cost-effective railroad operations."