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Last month, Louisville & Indiana Railroad Co. (L&I) marked its 10th anniversary — a decade during which the 111-mile short line had its share of ups and downs.

"We have gone from a high of 26,500 carloads a year to the loss of 60 percent of our business one day in June 1999," said L&I President John Secor in the short line's March newsletter. "[And] from mostly 10 mph track at the beginning to a solid 25 mph track now."

Owned by Anacostia & Pacific Co. Inc., the railroad has made many infrastructure improvements during those 10 years. Since 1994, L&I has installed more than 110,000 ties on its mainline, relayed five miles of rail and surfaced track numerous times. This year, the short line plans to spend $1.2 million to install 2.2 miles of rail, rehabilitate its Jeffersonville Yard, surface 40 track miles, rebuild three bridges and relocate rail at its transload facility.

"As a result of these continuing reinvestments, we have become a more stable and viable enterprise," said Secor.