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There seems to be considerable confusion here. The original shortline operator, which took over from Conrail, was Octoraro Railway, Inc., which leased the line from SEPTA (who owned the right-of-way). It went bankrupt and was liquidated in 1994, and the line was then operated by the Delaware Valley Railway, a subsidiary of RailAmerica, Inc. created specifically to operate it. In 1999, the Brandywine Valley Railway, an existing shortline at the Lukens plant in Coatesville, took over the lease. Brandywine Valley ceased operating this line and the former W&N in 2003, and the Morristown & Erie served as interim operator until 2004, when East Penn Railways took over and bought the line outright from SEPTA. Since it sold off its assets in 1994, the Octoraro Ry. has had no part in the corporate affairs of this branch, even though it may still be referred to in local parlance as the "Octoraro Railroad" or simply the "Octoraro". Choess19:42, 11 July 2006 (UTC)[reply]
Addendum: the line was operated as the "Octoraro Railroad" during the year of Morristown and Erie control. The STB filings regarding the East Penn purchase of the line refer to it as the "Octoraro Branch". Choess19:49, 11 July 2006 (UTC)[reply]
