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3/28/2023
Gulf & Atlantic Railways (G&AR) has agreed to acquire three railroads from Midwest & Bluegrass Rail.
The short lines — Camp Chase Railroad (CAMY), Chesapeake & Indiana Railroad (CKIN) and Vermilion Valley Railroad (VVRR) — are located in Ohio, Indiana and Illinois, respectively. The acquisition will expand G&AR’s existing portfolio to five railroads from two, company officials said in a press release.
CAMY operates 15 miles in the Columbus, Ohio, area and interchanges with Norfolk Southern Railway and CSX. CKIN operates 28 miles in northwest Indiana and provides daily switching service, connecting with NS and CSX. VVRR connects with CSX in Danville, Illinois, extending 10 miles from the Illinois-Indiana state line to Olin, Indiana.
"We look forward to continuing the safe, customer-focused operations of these railroads, which we believe are complementary to our existing business," said G&AR CEO Ryan Ratledge. "The high-quality leadership at Midwest & Bluegrass has done a tremendous job of enhancing these lines and preparing them for growth."
G&AR currently owns and operates two lines: regional railroad Florida Gulf & Atlantic Railroad (FGA) and short line Grenada Railroad (GRYR). FGA operates along 430 miles in Florida, generally running east-west along the Interstate 10 corridor between Baldwin and Pensacola, with a branch line from Tallahassee to Atapulgus, Georgia. FGA connects with AN Railway and CSX.