R. J. Corman Railroad Company, LLC Announces Agreement to Purchase 19th Railroad

R. J. Corman Railroad Company, LLC announces that it has entered into a definitive agreement to purchase a 43-mile railroad branch and lease a 20-mile branch from Norfolk Southern Corporation, adding its 19th railroad to its operational portfolio. The closing is subject to customary regulatory approvals.

The newly created Raleigh and Fayetteville Railroad, LLC (RFCC) will operate between Raleigh, NC and Fayetteville, NC, serving customers in Wake, Harnett, and Cumberland counties. The commodities range from chemicals, metals, and construction materials to forest, consumer, and agricultural products. The wholly owned subsidiary of R. J. Corman Railroad Company, LLC will interchange with Norfolk Southern in Raleigh and both CSX Transportation (CSXT) and the Aberdeen and Rockfish Railroad (AR) in Fayetteville. R. J. Corman Railroad Company, LLC is expected to take over operations in December 2022.

-via Press Release

This article was posted on: November 15, 2022