The railroad remained primarily a logging railroad with several different owners over the following years including: U.S. Plywood Corporation (1963), U.S. Plywood-Champion Papers (1969), Champion International (1972), and Itel Corporation (1977). The railroad was sold to Jeff E. and Verline Forbis (4-Rails, Inc.) on July 1, 1992. On June 28, 2005, the railroad petitioned the STB to abandon most of its line. Service on all line east of the McCloud Sawmill (now abandoned) has been terminated. A small section of line between McCloud CA and Mount Shasta CA remained open briefly for excursion and dinner train service. As timber demand declined, the railroad slowly cut back although new ownership also led to its downfall. In 2009, the railroad was sold to the MidWest Pacific Rail Net & Logistics, owner of A&K Railroad Materials, among other things. The railroad is currently closed but not abandoned.