Standard Gauge (4' 8 1/2 ")
Reporting Marks: GRYR
Headquarters: Grenada, MS
Years of Operation: 2009-present
Predecessor Roads: Canadian National RR
Successor Roads: still operating
Miles Operated: 180 miles
Locomotives Owned:
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Equipment
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HISTORY:
The Grenada Railway, LLC was formed in 2009 to acquire the rail
line from Southaven, MS to Canton, MS from Canadian National RR. It was
owned by V&S Ry and A&K Railroad Materials. The section from Grenada
to Canton was taken out of service in 2011. In 2015, the North Central
Mississippi Regional Railroad Authority purchased the entire rail line from
A&K Railroad Materials for $43 million. The state of Mississippi
contributed a $30 million bond, while Iowa Pacific Holdings paid the
remaining $13 million. Iowa Pacific then leased the line from the Authority,
the lease payment being applied to pay back the state bond. In August
2018, International Rail Partners (IRP) signed a lease-purchase agreement
with the North Central Mississippi Regional Railroad Authority to operate
the line under a new name Grenada Railroad, LLC. In October 2018, IRP
announced that they had partnered with Equity Group Investments in a $200
million deal to form a subsidiary, RailUSA LLC, to acquire the Grenada
Railroad. In June 2019, RailUSA also bought a secord shortline, the Florida
Gulf & Atlantic Railroad from CSX across North Florida. SOURCE:
Wikipedia article on Grenada Railroad HERE
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