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Rail News: Short Lines & Regionals
OmniTRAX affiliate acquires two rail lines from CSX
An OmniTRAX Inc. affiliate has acquired the Alabama & Tennessee River Railway LLC (ATN) and the Fulton County Railway LLC (FCR) from CSX.
The operations of ATN and FCR, which have been managed by OmniTRAX for several years, are expected to continue unchanged following the acquisition, OmniTRAX officials said in a press release.
Terms for the transaction were not disclosed.
The two short lines have been "great operations" for OmniTRAX due to the business climate in Alabama and Georgia, said OmniTRAX Chief Executive Officer Kevin Shuba.
"The transaction marks another milestone in our strong relationship with CSX," he said.
Based in Gadsden, Alabama, the ATN operates 120 miles of track used to transport cement, pulp board, food products, canned goods, steel and other commodities. Based in Atlanta, the FCR operates operates 25 miles of track in the Fulton County Industrial Park providing service to warehouses and light manufacturing companies transporting food products, metals, building materials, paper and packaging products.
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