Tangiental-relation news item. . .
The owner of freight shortline Grafton & Upton RR, John Priscoli, has made an official bid to purchase Cape Rail, Inc., owners of the Cape Cod Central RR passenger carrier (of Cape Dinner Train fame) and Mass Coastal RR freight carrier (Cape Trash Train + shortline operator of Fall River & New Bedford Branches). This is a bankruptcy sale as Cape Rail's current owners, national conglomerate holding company Iowa Pacific, Inc., are liquidating in front of the bankruptcy courts and Cape Rail is one of their most prized and profitable holdings. A "stalking horse" bid was reported to the bankruptcy court a few weeks ago; this is now believed to be that bid. Priscoli made an earlier run at buying a controlling share of Cape Rail about a dozen years ago before Iowa Pacific stepped in, so this is his second bite (this time for the whole enchilada at bankruptcy discount). He's also owner of Edaville Theme Park in South Carver with its world-famous narrow-gauge railway and Thomas The Tank engine. New holding company has been formed for the bid, as G&U and the Cape Lines would have to continue to run separately given the big slice of CSX mileage that stands between them.
G&U is one of the unlikeliest private success stories in freight railroading. When Priscoli bought it they were operating barely a couple days a week on scant half-mile of track in North Grafton serving one customer. In the span of 15 years they've been transformed into a model organization for shortline transloading, reactivating the once-derelict mainline to Hopedale and opening 3 busy new yards along the MA 140 corridor. All self-financed, and self-realizing. Right now they're in the final weeks of mainline restoration to Milford Jct. with 'golden spike' photo-op expected by end of this month, after which they'll be taking over the (recently state-purchased) Milford Branch and Franklin Industrial Track freight rights from CSX and adding their first-ever expansion territory in 146 years of independent operation (the oldest continuously operating chartered RR in the country that's never been merged with another RR). So while Iowa Pacific was neutral-to-good as stewards of Cape Rail (way better than the ruination elsewhere that's driven them to liquidation), Priscoli's hyper-aggressive growth strategizing and willingness to take big calculated risks with his own money (so far handsomely backed up with actual profits) has to be considered a major upgrade. Cape Chamber of Commerce and MassDOT have definite partisan rooting interest in this bid succeeding.
G&U's expansion into Franklin makes some sense in light of this move. While their daily CSX interchange is going to remain at North Grafton with all CSX traffic between Walpole and Milford ceasing after the territory handoff, G&U did gain "rainy-day" overhead trackage rights between Franklin Jct. and Walpole Jct. from the MBTA to hit CSX at Walpole Yard in a contingency. Not expected to ever be used in real practice unless the Worcester Line is disrupted, but now that the same ownership is bidding for Cape Rail Walpole becomes the preferred staging place for passing equipment and loads between G&U and the Cape, since it's en route for CSX's Middleboro daily that interchanges with Mass Coastal. G&U has also mostly retired its antique collection of old freight locos for a couple newer CSX hand-me-downs pre-equipped with cab signals and to-be-equipped with PTC signals for running inbound of Forge Park in MBTA territory. Could be a not-insignificant amount of CSX-assisted interchanging between the RR's happening at Walpole in the future. Which may include passenger excursions on the G&U with the gained access to Cape Rail's nicely flush passenger fleet. Priscoli has always wanted to do more of that given that he got his start buying Edaville, and indeed the very last-ever recorded run of a classic MBTA F40PH "Screamer" loco was pulling a Santa train of loaned-n'-decorated T coaches on a much-publicized North Grafton-Hopedale excursion a few years ago. So probably will end up expanding the Dinner Train's reach, which is good for the general public. And makes MassDOT look good for dumping a fortune's worth of on-Cape upgrades--mainline, Falmouth Branch, and all--into the CIP with another busy construction season now underway.