It was an attempt to open up a rail route from the coal and minerals of East Tennessee to the markets of the midstate, a service which many businessmen felt was not being adequately provided by the existing railroad companies.
The line expanded slowly and piecemeal to the west and north of Nashville during this period, falling into receivership twice, in 1897 and 1912, on the latter occasion operating in technical insolvency for ten years.
In 1922, a group of investors led by Paul M. Davis bought the railroad at a bankruptcy sale, thus abolishing the bonded indebtedness.
In 1957 the TVA began awarding contracts to non-TC coal mine operators and their traffic boom went bust.
Although the program of right-of-way improvement and new equipment acquisition had been carried out, the firm at length was unable to repay the RFC loans and fell into its third and final receivership in 1968.
The Tennessee Central endured for over 80 years in the face of very tough odds, and played a considerable part in the economic development of its service region.
It is still remembered fondly by many people in the small towns it served as "The Route of Personal Service," and is commemorated by a namesake institution, the Tennessee Central Railway Museum, in its former master mechanic's shop, which also was its headquarters in its final years.
An unmarked monument exists in today's Interstate 440 loop south of downtown Nashville, which sits on the old Tennessee Central right-of-way, purchased by the state in the railroad's last years.
The trackage between Monterey and Crossville was dismantled by the L&N in the 1980s, which has proven problematic to recent advocates of the restoration of passenger train service between Nashville and Knoxville.
The Cumberland River Bicentennial Trail extends approximately 14 miles west from Ashland City on the old TC roadbed.
At Rockwood, Lhoist interchanges traffic with Norfolk Southern, which uses the ex-TC the rest of the way from Emory Gap to handle this business.