Omnitrax

Borderlands: Stronger Mexican peso could pose challenges for US-Mexico trucking

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Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border...

https://www.freightwaves.com/news/borderlands-stronger-mexican-peso-could-pose-challenges-for-us-mexico-trucking

Georgia Ports Authority nets $47M federal grant for inland container port

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...

https://www.freightwaves.com/news/georgia-ports-authority-nets-47m-federal-grant-for-inland-container-port

Rail Roundup: Rising rail volumes, short line expansions, Pueblo R&D milestones

A photograph of hopper cars on a train.Weekly US rail volumes rebound from prior week

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...

https://www.freightwaves.com/news/rail-roundup-rising-rail-volumes-short-line-expansions-pueblo-rd-milestones

Rail Roundup: OmniTRAX, G&W develop, expand partnerships

OmniTRAX, partners seek to develop site in southern Indiana

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

Rail Roundup: FreightCar America names new CFO; US rail volumes flat

A photograph of intermodal containers parked at a rail yard.FreightCar America names new CFO

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

Rail Roundup: OmniTRAX, Union Pacific news briefs

A photograph of a Union Pacific locomotive.OmniTRAX adds Oklahoma site to its rail development program

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

OmniTRAX names rail industry veteran CEO

A composite photo. On the left is an image of train winding through a mountain pass. On the right is the photo of a man.

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

OmniTRAX seeks businesses for rail-ready sites in Georgia

A photograph of boxcars in a rail yard.

Short line operator and logistics provider OmniTRAX is seeking potential businesses that might be interested in three rail-ready sites in Georgia.

The sites are on the Georgia Woodlands Railroad, which interchanges with CSX (NASDAQ: CSX) in Barnett, Georgia. The sites span in size between 19 and 59 acres, or they may be combined to one site totaling 128 acres. 

The sites also have access to Interstate 20 and Routes 78 and 378. There are also connections to Norfolk Southern (NYSE: NSC) and 24...

https://s29755.pcdn.co/news/omnitrax-seeks-businesses-for-rail-ready-sites-in-georgia

Ransomware attack hits short line rail operator OmniTRAX

Rail stock of an OmniTRAX railroad. The company was hit in a ransomware attack.

Colorado-based short line rail operator and logistics provider OmniTRAX was hit by a recent ransomware attack and data theft that targeted its corporate parent, Broe Group.

OmniTRAX confirmed to FreightWaves that the cyberattack had occurred after the Conti ransomware gang posted stolen data from a leak site. The company, however, provided no details about the incident and whether it impacted any operations.

“We are fully aware of the situation, but company policy requires we do not comment on...

https://s29755.pcdn.co/news/ransomware-attack-hits-short-line-rail-operator-omnitrax

Carload volume deficit narrows as retail sales climb

A photograph of intermodal containers and chassis parked in a rail yard.

U.S. carload traffic narrowed its year-over-year deficit last week, with carloads down only 3.1% compared with the same period in 2019, according to the Association of American Railroads.

U.S. carload volumes totaled 232,146 for the week ending Saturday, a 3.1% decline from the same period in 2019 but a 1.7% increase sequentially.

U.S. intermodal traffic was also higher year-over-year, up 12.9% to 295,316 intermodal containers and trailers. On a sequential basis, intermodal volumes were up 0.5%.

Co...

https://s29755.pcdn.co/news/carload-volume-deficit-narrows-as-retail-sales-climb

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