CVYR and AKMD are currently involved in a controversy regarding a planned sale of CVYR to Pioneer, a shortline operator. AKMD claims that, under the provisions of the sale, before the line can be sold to another party, AKMD must be given the first opportunity to repurchase it. A hearing is currently pending as of May 2006. 
As of September 2010, Bean Lumber of Glenwood, AR (the main customer & owner of the line) closed its doors. The CVYR has not provided service since that time. A rail has been rolled near the AR-53 crossing, and a red flag rendering the line out of service beyond that point.
Arkansas Midland has been providing service between the UP interchange and Arkansas Route 53 (northwest of town) to service the Georgia-Pacific saw mill on US 67. MM GP10 #7530, presumably owned by the Caddo Valley, remains in unservicable condition at the old open air shop in Antoine, AR. Supposedly everything has been sold to a scrapper.