November 14, 2022
R. J. Corman Railroad Company, LLC Announces Agreement to Purchase 19th Railroad
NICHOLASVILLE, Ky. – 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 (NYSE: NSC), 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.
“With this acquisition, we will expand our footprint in the Carolinas, a market where the company has been highly successful. R. J. Corman is committed to top-of-the-line customer service, and we are eager to replicate this experience for future business partners in the area,” said R. J. Corman Railroad Group President and CEO Ed Quinn.
About R. J. Corman Railroad Company
R. J. Corman Railroad Company, LLC operates 18 short line railroads in 11 states and is a subsidiary of R. J. Corman Railroad Group, LLC. Altogether, the company employs approximately 1,300 people in 23 states. In addition to short line railroad and switching operations, R. J. Corman companies provide a broad scope of services to the railroad industry, such as emergency response, track material distribution, track construction, and signal design and construction.