Ironhorse buys Tennessee railways
USA: Short line group Ironhorse Resources has acquired the Sequatchie Valley Railroad and the Walking Horse & Eastern Railroad in Tennessee, which are to be renamed as the Sequatchie Valley Switching Co and the Walking Horse Railroad.
The 18 km Sequatchie Valley Switching Co serves south central Tennessee from a connection with CSX at Bridgeport, Alabama. The 13 km Walking Horse Railroad connects with CSX at Wartrace.
‘As we’ve continued to pursue growth and acquisitions throughout our franchise, we have specifically targeted growth in Tennesse to bolster our operational efficiencies and marketing presence in the region’, said IHR President Matt Cundiff on April 8. ‘The addition of SQSC and WHRR will add diversification to our commodity base, increase our relationship with CSX, and additionally provide the ability to market industrial sites available on both railroads and rail connectivity to the Tennessee River.’