Southern Indiana Railway Line Acquired
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Louisville & Indiana Railroad, an affiliate of Chicago-based Anacostia Rail Holdings Co., has acquired the former Southern Indiana Railway, a short line located in the Jeffersonville. Financial terms of the deal were not disclosed.
The Surface Transportation Board approved the acquisition, noting that with the railway out of service, no current employees would be affected.
“We see this as a way to grow our footprint,” said LIRC President John Goldman. “The existing track is maintained to FRA Class 1 standards, and we will consider upgrades and rehabilitation dependent on commercial opportunities we can create.”
Louisville & Indiana says it will use SIND rail assets to expand its existing freight service, including conversion of the SIND engine house to a maintenance-of-way facility and surrounding property to store track material.
The company says other portions of SIND rail infrastructure offer opportunities to expand service to industrial sites.
LIRC is a 106-mile short line railroad that connects Indianapolis with Louisville. Until 2020, SIND served customers along its 5.5 miles of track and a connection with CSX Transportation in Watson.