The Groupe Ferroviaire Murmuration (en: Murmuration Railways Group) is a holding company the LT&L formed to manage the small collection of disconnected railways it purchased in the mini railway boom of the 2020s. None of these railroads is particularly – if even – profitable right now (the approximately $200 million invested in them was immediately written off, despite shocked gasps from the accounting department) but the plan is that they will be sometime in the (hopefully) near future.
In late 2023, the GFM was converted into a direct subsidiary of the Parsons Vale Lines, and now has a(nother railway-oriented) board seat.