Friday, June 13, 2014

OmniTRAX lands Texas short line, site work

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OmniTRAX said Thursday, June 12, 2014, it will manage the Brownsville & Rio Grande International Railroad, a short line railway based in Brownsville, Tex. As well, OmniTRAX will also develop a large-scale industrial park on land owned by the Brownsville Navigation District (BND) of Cameron County, the parent governmental body of the Port of Brownsville.

The short line will continue to be led by President & COO Norma Torres, and OmniTRAX said it also expects to retain all personnel. The strategic partnership between the BND and OmniTRAX covers a 30-year period and will deliver significant economic development for the Rio Grande Valley.

"This is a great opportunity for OmniTRAX, the Brownsville & Rio Grande International Railroad and the people of Brownsville to bring in new industries, create new jobs, increase the tax base and boost the local economy. We are honored to be selected for the project by the Brownsville Navigation District and look forward to working with Norma Torres and the team at the railroad, the port and all other parties to reach these goals," said OmniTRAX CEO Kevin Shuba.

The Brownsville & Rio Grande International Railroad runs through 45 miles of the Brownsville Navigation District and five miles into the city of Brownsville itself, providing the port and its customers with access to two Class I railroads, Union Pacific and BNSF. The short line also has an intermediate connection via UP to Kansas City Southern de Mexico routes across the Rio Grande.

"The Port of Brownsville currently has about 40,000 acres of land available for development. OmniTRAX will work with the BND to develop 1,200 acres for a world-class industrial park. The land is considered well-suited for light and heavy manufacturing, logistics, energy services, technology development, and export/import warehousing, OmniTRAX said.

"With recent energy reforms in Mexico, the anticipated development of the Burgos Basin just south of Brownsville and the energy expertise of OmniTRAX affiliate The Broe Group, we expect to take advantage of related opportunities for the Brownsville & Rio Grande International Railroad and the Port of Brownsville," said OmniTRAX Chairman Brad Skinner.