A managed affiliate of OmniTRAX, Inc has entered into a definitive agreement to acquire the 101-year-old Winchester & Western Railroad (W&W), which operates in Maryland, New Jersey, West Virginia and Virginia, from Covia Holdings Corp. The $105 million transaction is expected to close during third-quarter 2019 and is subject to customary closing conditions, including Surface Transportation Board review.
OmniTRAX, Inc. and the Stockton Terminal and Eastern Railroad (STE) recently held a ribbon-cutting ceremony for a new environmentally friendly locomotive at the STE depot in San Juaquin, Calif.
Eighteen North American trade associations representing railroads, truckers and their customers that ship between the United States and Mexico have joined forces to tell the Trump Administration and Congress that restricting cross-border trade by either complete shutdown or slowdown, as President Trump has threatened, will have serious, highly damaging economic and social consequences.
Transportation service company OmniTRAX held its annual National Leadership Meeting (NLM) in Denver on Feb. 19-21 to review last year’s performance and plan for 2019 growth. The conference, which had a “Catch The Wave” theme, featured the presentation of several awards to individual and team members and to OmniTRAX-operated rail lines.
OmniTRAX, Inc. has elected Cameron Scott and David Garin to its Board of Directors. Scott’s addition coincides with his retirement as Executive Vice President and Chief Operating Officer at Union Pacific Feb. 28, 2019; Garin’s service follows an extensive career that culminated in his most recent role as Group Vice President, Industrial Products at BNSF.
Short line operator OmniTRAX is partnering with forest products giant Georgia-Pacific on a transportation solution for the latter’s new plant in Albany, Ga.
Short line operator OmniTRAX announced a multimodal joint venture that will expand last-mile logistics services to the oil and gas industry.
OmniTRAX has sold northern Canada’s Hudson Bay Railway to a group that will repair the flood-damaged railroad.
Short lines Chicago Rail Link and Illinois Railway recently received federal grants to aid in the deployment of Positive Train Control technology.
Repairs are slated for the Hudson Bay Railway for the first time since flooding cut off the line serving the remote Canadian city in May 2017.