The Indiana, Alabama & Texas Railroad has a confusing corporate history. Despite its name, the railroad only built 58 miles of track in Tennessee and Kentucky.
R. J. Corman Railroad Co. is buying the Nashville & Eastern Railroad Corp., Nashville & Western Railroad Corp., Transit Solutions Group and three related operating entities.
The feds have identified a preferred corridor for a high-speed rail line between Atlanta and Chattanooga, Tenn., the Federal Railroad Administration (FRA) said.