US firm R J Corman Railroad Company and current owner Ken Pippin have agreed to finalise the $13.9m sale of Carolina Southern Railroad by 1 August.

Carolina Southern ceased operation of the line in 2011 due of structural problems with a number of its bridges.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Located in South Carolina, US, the 80-mile line extends from Mullins to Whiteville and Conway, where it connects to a line owned by Horry County that reaches Myrtle Beach.

"It’s easy to see there is tremendous opportunity for our company here and for the industries and agricultural businesses we will serve."

Following the acquisition, R J Corman will make investments to overhaul the line so that it can become fully operational again.

The overhaul, which will begin immediately after the acquisition, is expected to take at least four months to complete.

See Also:

R J Corman Railroad Group president and CEO Craig King said: "Our first step will be to more fully assess the rehabilitation that’s needed. Our railroad construction team will then efficiently bring it up to our high standards.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

"We also will meet with area business and industry leaders and economic development representatives to identify ways our railroad can expand their markets and save costs."

Once it is fully operational, the restored railroad is expected to create up to 30 jobs.

R J Corman Railroad Company sales and marketing vice-president Bill Henderson: "It’s easy to see there is tremendous opportunity for our company here and for the industries and agricultural businesses we will serve. We look forward to enhancing the states’ transportation systems."

R J Corman has turned ten light-density lines into commercial operations that provide service to hundreds of industries. It also provides industrial switching services, emergency response services, track material distribution, track construction, signal design and construction, and railroad worker training, as well as builds eco-friendly Railpower locomotives.