Acquisition of the Southern Indiana Rail Line – Inside INdiana Business

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(photo courtesy of Louisville & Indiana Railroad)

Louisville & Indiana Railroad, a subsidiary of Chicago-based Anacostia Rail Holdings Co., acquired the former Southern Indiana Railway, a short line located in Jeffersonville. Financial terms of the deal were not disclosed.

The Surface Transportation Board approved the acquisition, noting that with the railroad 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 runway is maintained to FRA Class 1 standards, and we will consider upgrades and rehabilitation depending on the business opportunities we can create.”

Louisville & Indiana says it will use SIND’s railroad assets to expand its existing freight service, including converting the SIND engine room to a track maintenance facility and surrounding property to store track material.

The company says other parts of the SIND rail infrastructure offer opportunities to extend service to industrial sites.

LIRC is a 106-mile shortline railroad that connects Indianapolis to Louisville. Until 2020, SIND served customers along its 5.5 miles of track and a connection with CSX Transportation at Watson.

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