R.J. Corman to acquire Carolina Southern
R. J. Corman Railroad Company has agreed to acquire the Carolina Southern Railroad for $13.9 million, with plans to rehabilitate and operate the short line.
The railroad company announced in a press release yesterday that it was selected as the owner/operator by a two-state rail committee formed to sell the short line, which was shut down in 2011. The line extends from Mullins, S.C., to Whiteville, N.C., and to Conway, S.C., where it connects to a line owned by Horry County, S.C., that reaches Myrtle Beach.
“Our company has seen significant growth over the past few years, and we are very pleased to announce this significant acquisition,” said R. J. Corman Railroad Group President and Chief Executive Officer Craig King.
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