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Rail News: Rail Industry Trends

R.J. Corman unit to acquire Lexington & Ohio line


R.J. Corman Equipment Co. L.L.C. (RJCE) recently filed a notice of exemption with Surface Transportation Board to acquire from Lexington & Ohio Railroad Co. Inc. a 14.9-mile line from Lexington, Ky., to Versailles, Ky.

RJCE subsidiary R.J. Corman Railroad Co./Central Kentucky Lines would lease and operate the line. Through stock ownership, RJCE controls eight Class III rail carriers.

The railroads expect to complete the deal this month.

Contact Progressive Railroading editorial staff.

More News from 4/15/2003