The Southeastern Railroad and Lumber Company was formed by Neill G. Wade and A. L. Jones.

Wade operated three saw mills in Cumberland County and Jones operated a saw mill in Buie (located about 10 miles north of Elrod on the Atlantic Coast Line Railroad's main line).

Jones and Wade then leased an undeveloped right of way and built the rail line from Elrod to Hub (known today as Boardman) to access large tracts of virgin timber.

The ACL also bought the Wilmington, Chadbourn and Conway Railroad and the two lines eventually became part of their Myrtle Beach Branch.

[3] In 1980, the Seaboard Coast Line's parent company merged with the Chessie System, creating the CSX Corporation.