The line is a remnant of the historic Memphis, Clarksville & Louisville Railroad. R.J. Corman purchased the line 30 years ago and operates the segment as part of its Memphis Line.
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KNOXVILLE, Tenn. — A wholly-owned subsidiary of National Coal Corp. sold 42 miles of rail line between Oneida and Devonia, Tenn., to R.J. Corman Railroad for approximately $3 million.