CLINTON, N.C. — Short line owner and operator Regional Rail has acquired the Clinton Terminal Railroad, a 3.5-mile switching railroad in Clinton that interchanges with CSX Transportation.
Carolina Coastal Railway, a Regional Rail operation in northeastern North Carolina, will become the new owner and operator of the Clinton Terminal assets, operating the line as its Clinton Branch. The new operation will not physically connect to the rest of the Carolina Coastal Railway.
“We are excited to partner with the team at Clinton Terminal and view this as a natural expansion of our footprint in North Carolina,” Regional Rail CEO Al Sauer said in a press release from 3i Group, the international infrastructure investment group backing Regional Rail. “We believe there are attractive opportunities in the market and look forward to building upon the railroad’s existing operations.”
Clinton Terminal CEO Bob Lowe said, “We are proud of what we have built at Clinton Terminal over the years and believe that Regional Rail will be a great steward of the railroad, in addition to a strong partner to our customers going forward.”
Regional Rail’s 13 railroads in eight states and the province of Saskatchwan range from the 179-mile Carolina Coastal to the 1.5-mile Tyburn Railroad in Morrisville, Pa. More information is available at the Regional Rail website.
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