Concord-Based Railroad Sold To Las Vegas Company

Mar 5, 2019

Credit Via New England Southern Railroad

New Hampshire's oldest short-line railroad has been sold to a Las Vegas-based railroad consolidator.

New England Southern, which leases the century-old rail line that runs from Concord and heads north, was formed after regional giant Boston and Maine Railroad went bankrupt in the 1970s and began abandoning rail lines.

The Concord Monitor reports the railroad has been bought by United Rail.

The sale must be approved by the state Department of Transportation alongside state regulators. New England Southern owner Peter Dearness met Tuesday with rail transit officials about the sale.

At its peak, New England Southern employed 22 full-time staff and ran more than 2,400 yearly carloads. Today, the company has no office and Dearness and his son are the only full-time employees.