With the purchase of a 43-mile railroad branch and the leasing of a 20-mile branch from Norfolk Southern (NS), R.J. Corman Railroad Company is launching the Raleigh and Fayetteville Railroad, LLC (RFCC), its 19th short line.
R.J. Corman reported on Nov. 14 that it is expected to take over operations next month, following customary regulatory approvals.
According to R.J. Corman, the newly created Raleigh and Fayetteville Railroad, LLC (RFCC) will operate between Raleigh, N.C. and Fayetteville, N.C., serving customers in Wake, Harnett and Cumberland counties. The commodities range from chemicals, metals and construction materials to forest, consumer and agricultural products.
“With this acquisition, we will expand our footprint in the Carolinas, a market where the company has been highly successful,” said R.J. Corman Group President and CEO Ed Quinn. “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.”
In related news, R.J. Corman launched in February the Knoxville and Cumberland Gap Railroad, LLC (KXCG); Fred Mudge was appointed to the Board of Directors in August; and Yvan Caffari retired from the Board of Directors in May following 15 years of service.