The railway used to be part of the London and North Western Railway and the Midland Railway, who operated the line jointly between Moira West Junction and Nuneaton. The first trains ran along this section in 1873. At Shackerstone station, there was once a junction where one section branched off towards Moira and Ashby and the other went towards Coalville Junction. In 1883, the Charnwood Forest Railway was opened, which extended the branch from Coalville Junction to Loughborough's Derby Road station, passing through the villages of Whitwick and Shepshed. In the 1923 Grouping, these lines were assigned to the London Midland and Scottish Railway. In 1931 the last scheduled passenger train went down the Charnwood Forest branch, with the line then only being open to freight and excursions until the 1960s. The Coalville Junction – Shackerstone section was dismantled and closed completely in 1964. The Ashby – Nuneaton line had its last passenger service in 1965, which was an enthusiasts' special, before British Rail pulled the rails up in 1970.