The Copper River and Northwestern Railway (CR&NW) consisted of two rail lines, the Copper River line and the Northwestern line. Michael James Heney had secured the right-of-way up the Copper River in 1904. He started building the railway from Cordova, Alaska in 1906. The town of Cordova, Alaska, was actually named by Heney on March 13, 1906, based on the original name given by Salvador Fidalgo. Both these railroads were abandoned and little remains of them. A 0-4-0 locomotive, "Ole", located near Goose City on a siding of the Alaska Anthracite Railroad Company is the only equipment left. Many of the holdings of the CR&NW railroad including Ole were acquired for this railroad by Mr. Clark Davis and his partners in 1908 after a major storm destroyed the Katalla area facilities in 1907. The town of Cordova would like to move Ole to a memorial site in Cordova to celebrate its role in these railroads. Ole was declared eligible for the National Register of Historic Places in 1988.

Cordova is a city in Chugach Census Area, Alaska, United States. It lies near the mouth of the Copper River, at the head of Orca Inlet on the east side of Prince William Sound. The population was 2,609 at the 2020 census, up from 2,239 in 2010.