Omnitrax anunció una asociación conjunta para adquirir el ferrocarril del Valle de Santa Maria en la región de la costa central de California. El acuerdo es la 29ª operación ferroviaria de Omnitrax en su red nacional en expansión, la compañía de holding de cortometraje de propiedad privada más...
https://fullavantenews.com/omnitrax-joint-venture-adquiere-california-short-line-railroad/?lang=es
OmniTRAX announced a joint venture partnership to acquire the Santa Maria Valley Railroad in California’s Central Coast region.
The deal is OmniTRAX’s 29th rail operation in its expanding national network, North America’s largest privately owned shortline holding company.
Terms were not disclosed.
The Santa Maria Valley Railroad is a historic 114-year-old line operating 15 miles of mainline track connecting local commercial and agricultural businesses to coastal ports and the broader North...
https://www.freightwaves.com/news/omnitrax-joint-venture-acquires-california-short-line-railroad
Short lines are on the headpin as the North American rail business embraces a welcome rebound.
“It’s been a tumultuous eight years but the railroad industry is turning a corner as a whole, and that’s where [short lines] are going,” said Chuck Baker, president and chief executive of the American Short Line and Regional Railroad Association, speaking at the Rail Trends conference in New York.
“This year I have visited with all six Class 1s and they all have engaged short line teams. They all say...
https://www.freightwaves.com/news/at-rail-trends-money-real-estate-key-to-short-line-rail-growth
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Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border...
Efforts to expand the supply chain infrastructure supporting the busy Port of Savannah got a boost this week from the federal government.
The Georgia Ports Authority, which manages operations at the Port of Savannah, received a nearly $47 million federal grant to build an inland container port near Gainesville, Georgia. The inland port, which will be located along the I-85/I-985 corridor, will be linked to the Port of Savannah by a direct 324-mile intermodal freight rail service as a part of a...
U.S. rail traffic recovered last week from the prior week’s dip in volumes, according to data from the Association of American Railroads (AAR).
U.S. rail volumes totaled 533,872 carloads and intermodal units for the week ending last Saturday. That total is 2% higher than the prior week and 28.3% higher than the same period in 2020. The double-digit percentage increase reflects the volume downturn that occurred last year at the start of the COVID-19...
Short line operator OmniTRAX is working with the River Ridge Development Authority of southern Indiana to develop the River Ridge Commerce Center.
The center, located near Louisville, Kentucky, where it has access to several transportation modes. It connects directly with CSX (NASDAQ: CSX) and is in close proximity to I-64, I-65, I-71, the Louisville International Airport, the Ohio River and the Port of Indiana-Jeffersonville....
https://s29755.pcdn.co/news/rail-roundup-omnitrax-gw-develop-expand-partnerships
Railcar manufacturer FreightCar America (NASDAQ: RAIL) has named Terence R. “Terry” Rogers CFO, effective last Monday. Rogers has been serving as interim CFO since January.
As CFO, Rogers will lead FreightCar America’s finance activities, including its business planning, budgeting, forecasting, treasury and information technology, the company said.
President and Chief Executive Officer Jim Meyer commented in a release, “We are thrilled to have a person of Terry’s...
https://s29755.pcdn.co/news/rail-roundup:-freightcar-america-names-new-cfo;-us-rail-volumes-flat
Short line operator OmniTRAX is seeking potential customers that would be interested in establishing a facility on the Sand Springs Railway in Sand Springs, Oklahoma.
The location on the Sand Springs Railway is part of OmniTRAX’s rail-ready sites program. The site has about 25 acres near the Sand Springs Railway, which has direct connections with Union Pacific (NYSE: UNP) and BNSF (NYSE: BRK).
Sand Springs Railway runs 32 miles between...
https://www.freightwaves.com/news/rail-roundup:-omnitrax-union-pacific-news-briefs
Former CSX executive Dean Piacente will lead short line operator and logistics provider OmniTRAX as its next CEO. Piacente’s first day as OmniTRAX CEO will be Feb. 1.
“Dean is one of the most respected business leaders in rail. His depth of Class I commercial experience, record of sustained results and demonstrated leadership make him the ideal person to lead OmniTRAX’s continued growth,” said OmniTRAX board member David Garin in a release.
Piacente served as a vice president for several...
https://www.freightwaves.com/news/omnitrax-names-rail-industry-veteran-ceo