Pioneer Railcorp acquired the line in 1992 and created a new company, the Alabama and Florida Railway, to operate it.

[1][2] The Crestview line opened in 1894 under the Yellow River Railroad, which was acquired by the L&N in 1906.

[3] Both lines passed to the Seaboard System Railroad, the L&N's successor, in 1982.

Gulf and Ohio Railways purchased both lines in 1986 and created a new subsidiary, the Alabama and Florida Railroad, to operate them.

Pioneer Railcorp acquired the assets of the company on November 23, 1992, and organized a new railroad, the Alabama and Florida Railway, to operate the lines.