18.11.2022
Artikel Nummer: 43028
Taking over the 19th short line railroad
USA-based R. J. Corman Railroad Company has entered into a definitive agreement to purchase a 70 km railroad branch and lease a 32 km branch from Norfolk Southern, adding its 19th railroad to its operational portfolio. The closing of the transaction is subject to customary regulatory approvals.
The newly created Raleigh and Fayetteville Railroad (RFCC) will operate between Raleigh, NC and Fayetteville, NC. The wholly owned subsidiary of R. J. Corman Railroad will interchange with Norfolk Southern in Raleigh and both CSX Transportation and the Aberdeen and Rockfish Railroad (AR) in Fayetteville. The takeover is expected to take place in December 2022. (ben)