The Misty Island Logging Railway, owned by the Misty Island Logging Company, is the railway that runs on Misty Island and owns Ferdinand, Bash and Dash. Since 1970 it has been a subsidiary of the North Western Railway.
The railway was founded in 1920 by Mr. Richard Ferdinand, a small businessman from the nearby Island of Sodor. The Island was one of only two places in the world where the extremely strong, durable and valuable Jobi Wood could be found. Upon discovering the Island, he immediately set about founding a logging company to exploit what was essentially a Gold Mine. Mr. Ferdinand managed to acquire 3 American logging locomotives cheaply after they misbehaved on their railway, one of the whom he renamed after himself.
Mr. Ferdinand lacked the funds to build a fully functional railway network on Misty Island, and cut expenses were ever possible. This resulted in the railway being incredibly unsafe, and under normal circumstances would not have been allowed to open. The Government however was in desperate need of abundant building materials to rebuild after the Great War and allowed it.
The railway quickly became incredibly profitable, but extra funds were not allocated to fix the mistakes made in the railways construction. This eventually resulted in the railways maintenance costs souring and any additional funds being spent to keep the Railway operational.