Gulf & Atlantic Railways (G&AR) (www.garailways.com) has signed an agreement to acquire three midwestern railroads from Midwest & Bluegrass Rail. The railroads, Camp Chase Railroad (CAMY), Chesapeake & Indiana Railroad (CKIN) and Vermilion Valley Railroad (VVRR), are located in Ohio, Indiana and Illinois, respectively, and will expand G&AR’s existing portfolio from two railroads to five.

The acquisition includes:

Camp Chase Railroad (CAMY), which operates 15 miles in the Columbus, Ohio area and interchanges with Norfolk Southern (NS) and CSX. CAMY offers rail-truck transload and industrial development opportunities.

Chesapeake & Indiana Railroad (CKIN), which operates 28 miles of track in northwest-Indiana, offering proximity to Chicago. CKIN provides daily switching service, connecting with NS and CSX. The railroad regularly handles unit grain trains and offers rail-truck transload services at La Crosse, Ind.

Vermilion Valley Railroad (VVRR), which connects with CSX in Danville, Ill., extending 10 miles from the Illinois-Indiana state line to Olin, Ind. VVRR provides flexible service to large-scale logistics projects involving rail-truck transload of dimensional loads and other products. In addition, VVRR operates a full-service locomotive shop, capable of performing heavy maintenance on company-owned diesels as well as units for third-party lessors.

-via Press Release