It hauls mainly outbound grain and inbound agricultural supplies,[2] connecting with the Toledo, Peoria and Western Railway at Logansport and with the Central Railroad of Indianapolis at Kokomo.

Winamac Southern retained trackage rights through Logansport, in order to connect its Bringhurst and Kokomo lines.

[10] Subsequently, the Central Railroad of Indianapolis (CERA), which serves Kokomo, began operating the remaining Winamac Southern lines as agent.

[12] However, the parties discovered that the trackage rights over A&R, which had since been merged into the Toledo, Peoria and Western Railway, had never been authorized, and concurrently filed for approval of the 1995 agreement.

The STB rejected the latter notice of exemption, citing the opposition of the TP&W to continuance of trackage rights, thus requiring a more extensive proceeding.