Aberdeen Carolina & Western Railway, based in Star, N.C., is in the process of developing a multimodal facility and business park in Midland, N.C., the Independent Tribune reports.
The railroad company, which operates the 150-mile Carolina Route rail corridor through central North Carolina, is currently recruiting companies for the future business park, which will feature transloading facilities.
The rail route will allow businesses to move freight to and from large rail hubs and connect to more remote locations, said Russ Smitley, vice president of marketing for the railway, in a written statement. The site is located near CSX and Norfolk Southern rail lines, as well as the interstate highway system.
Aberdeen’s development arm, Gladstone Development, is building the 70-acre business park and facility. So far, the company has invested more than $500,000 grading the site and installing retention ponds.
Smitley said the site will be fully developed in 15 to 20 years.
“The project has the scale and vision to create a full-service, rail-centric logistics environment that we expect will accommodate a variety of warehousing, transloading and light manufacturing uses,” said Robert Menzies, the railway’s president.