The Valley Railway was a shortline railroad which operated between the city of Cleveland and small town of Zoarville in the state of Ohio in the United States. The railroad was founded in 1871, but the first segment of track did not open until 1880 and the line was not completed until 1884. The Baltimore and Ohio Railroad (B&O) obtained a controlling interest in the Valley Railway in 1890. The railroad went bankrupt in 1895, at which time it was reorganized as The Cleveland Terminal and Valley Railroad Company (CT&V). The B&O took over operation of the CT&V in 1909, and the company was merged with the B&O in 1915.