rail

Long Ridge Railroad to Acquire Ohio Line from Transtar Subsidiary

The Long Ridge Railroad Company has filed a verified notice of exemption to acquire a 12.5-mile rail line in Ohio from Transtar's East Ohio Valley Railway subsidiary. The line stretches between Powhatan Point and Hannibal, with the earliest transaction consummation date of June 12, 2026. EOVR operates the 29-mile corridor, which interchanges with Norfolk Southern and serves Long Ridge Energy Terminal and Hannibal Industrial Park. EOVR will continue operating the line following the acquisition. LRRR, a Delaware limited liability company owned by MARA USA Corporation, will assume ownership under terms outlined in a Term Sheet. The companies plan to execute a full Asset Purchase Agreement and Operating Agreement to formalize the transaction. The STB confirmed the acquisition poses no restrictions on future third-party interchange agreements and projected annual revenues will not exceed $5 million, preventing LRRR from achieving Class I or Class II railroad status.