Indiana Town Selling Rail Line

An Indiana town will sell a rail line that it owns to Midwest & Bluegrass Rail.

M&B already provides freight service on the line through its subsidiary Chesapeake & Indiana Railroad, which it acquired in 2020.

The city of North Judson has owned the rail line for nearly 17 years. The sale is expected to close within 60 days.

M&B was the highest of three bidders for the line, offering $2.7 million.

News reports indicate that M&B has a working relationship with the Hoosier Valley Railroad Museum, which operates over a portion of the line.

The sale agreement granted the museum a 10-year extension of its current operating agreement, as well as the right of first refusal to purchase its portion of the route should M&B choose to sell.

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