Paducah and Louisville Railway
The Paducah and Louisville Railway is an American railroad company. It is classified by the Association of American Railroads (AAR) as " Regional railroad " (Class 2). The company is based in Paducah , Kentucky .
history
In the mid-1980s, the Illinois Central Gulf Railroad (ICG) pursued the goal of developing into a pure north-south rail link between Chicago and New Orleans . As part of this plan, many routes, mainly in an east-west direction, were sold. So the connection between Paducah and Louisville was put up for sale. Two Kentucky entrepreneurs (Jim R. Smith and David W. Reed) made an offer to purchase the route in February 1986. CG&T Industries Inc. was founded as a holding company for the acquisition. In August 1986 the sale was completed and on August 27, 1986 the Paducah and Louisville Railway started operations. In addition to the railway line, the company acquired 63 locomotives, 75 boxcars, 270 gondolas and 50 other freight cars. In addition, the ICG entertainment workshop in Paducah was acquired. The subsidiary VMV Enterprises Inc. was founded for this line of business . The total purchase price was around $ 70 million.
As a result, the company invested in the rail network to increase line speed and improve safety. In addition, more freight cars were purchased. At the end of 1989 the fleet comprised 1,400 own and 340 rented cars.
On November 18, 1988, the subsidiary Rail Holdings Inc. of the banking company First Chicago Corporation acquired all shares in CG&T Industries. RHI continued to operate the railway company and the locomotive workshop. Rail Holdings Inc. was renamed Kentucky Railworks Inc. in July 1990. The VMV Enterprises locomotive workshop was sold to the investment company Dimeling, Schreiber and Park in 1992 and, after bankruptcy, now belongs to the locomotive manufacturer National Railway Equipment .
In 1995 the management of the railway company took over the Paducah & Louisville Railway with the support of the Class I railway company CSX Transportation . The railway company has since been owned by the holding company P&L Transportation .
In 2006, the company leased the railway line from Evansville (Indiana) to Okawville from CSX and founded the Evansville Western Railway subsidiary to operate . Since an internal group restructuring in 2011, the EWR is a direct subsidiary of P&L Transportation.
stretch
Originally, the 305 kilometers long route network comprised the connection between Paducah and Louisville with a parallel route between Dawson Springs and Central City . Other branch lines led from Paducah to Kevil , Clayburn and from Cecilia to Elizabethtown . The section between Dawson Springs and Central City was closed in 1996.
In Paducah there are transitions to the BNSF Railway and the Canadian National Railway . The Fredonia Valley Railroad branches off in Princeton . In Madisonville there is a transition to CSX Transportation. In Louisville there are connections to the CSX, the Norfolk Southern , the Indiana Rail Road and the Louisville and Indiana Railroad .
vehicles
In 1986, the Illinois Central Gulf mainly bought EMD GP30 , EMD SW13 , EMD GP35 , EMD GP8 and EMD GP10 . 2003 converted at VMV EMD GP40-3 - Slug units and EMD GP 38-2 procured. In 2013, 16 EMD SD70MAC were taken over by CSX.
President
- 1986– May 1988: James E. Johnson
- May 1988 – April 2010: Anthony V. Reck (also CEO and Chairman of the Board)
- since April 2010: Tom Garrett
literature
- Edward A. Lewis: American Shortline Railway Guide . 5th edition. Kalmbach Publishing Co., Waukesha, WI 1996, ISBN 0-89024-290-9 .
Web links
- Paducah & Louisville Railway. Retrieved September 27, 2018 .
- P&L Transportation, Inc. Unofficial homepage. Retrieved September 27, 2018 .
- Time table. In: Paducah Railroad Museum. Retrieved October 10, 2018 .
- Paducah & Louisville Railroad: Corporate Structure ( Memento June 6, 2003 in the Internet Archive )
- Paducah & Louisville Railway: Milestones in History ( Memento from June 19, 2003 in the Internet Archive )
- The making of a winner. (Paducah & Louisville Railway) (includes interview with Paul Wood) (column) . November 1, 1989 ( highbeam.com [accessed October 30, 2018]).
- 27 Aug 1986, 10 - The Paducah Sun at Newspapers.com . In: Newspapers.com . ( newspapers.com [accessed October 30, 2018]).
- ICC Finance Docket 30981: Paducah & Louisville Railway, Inc. - Acquisition and Operation Exemption - Illinois Central Gulf Company - decided July 11, 1989
Individual evidence
- ↑ Bloomberg: Company Overview of Kentucky Railworks Inc. Retrieved October 10, 2018 .
- ↑ https://www.stb.gov/filings/all_2000s.nsf/a7112cc28c158bd0852572b00076dc88/85257ca7006c955b852575fb006f614e/%24FILE/225394.PDF
- ^ Three small roads make management changes; RailAmerica revises board . ( ble-t.org [accessed October 10, 2018]).