Long Ridge Railroad acquiring Ohio rail line

Long Ridge Railroad Co. LLC (LRRR), a noncarrier, has filed a verified notice of exemption with the Surface Transportation Board to acquire a 12.2-mile segment of rail line between Powhatan Point and Hannibal, Ohio, from East Ohio Valley Railway (EOVR).

The companies have entered into an agreement for LRRR, a subsidiary of MARA USA Corp., to acquire the line while EOVR, a Transtar short line, continues to operate it, according to a May 29 decision from the STB. The earliest the transaction can be completed is June 12.

The EOVR's full line spans 29 miles. It interchanges with Norfolk Southern Railway near Wheeling, Ohio, at the northernmost point of the line.

The EOVR provides switching services for Long Ridge Energy Terminal and the Hannibal Industrial Park at the southernmost point of the line. Under the agreement, LRRR would acquire the southern portion of EOVR's line that serves the industrial parks.