[1] In late 2015, the railway was purchased out of bankruptcy by a group including Aztec Land & Cattle Company and Midwest Poultry Producers, L.P., thereby avoiding a shutdown and scrappage of the line.

The railway's freight revenues have not yet recovered from the shutdown of the Snowflake paper mill then owned by Catalyst, although efforts to enhance them continue.

The Apache Railway was incorporated in 1917, when it began construction of a rail line from Holbrook south, reaching Snowflake in 1918.

[2] Hackman took over control again and put the railroad into bankruptcy in May 2015, while local officials attempted to secure a rural economic development loan from the USDA.

[8] After several dispositive hearings before the bankruptcy court, the Aztec Land & Cattle Company agreed to pay Hackman the amount due.

In 2015, the Apache Railway’s stock was passed to a holding company that is owned and controlled by both Aztec and Midwest Poultry.

Approximately 10% of total revenue comes from actual freight haulage while the remaining 90% consists of railcar repair, cleaning, and storage.