DENVER – OmniTRAX, Inc. announced that Board Chairman Edmond Harris is resigning after being named executive vice president of operations at CSX Corporation (NASDAQ: CSX). Both the ownership and executive management of OmniTRAX thanked Harris for his dedication and support during his four years as chairman.
“Ed Harris has been a great advocate of our transformation from a short line rail company to a comprehensive transportation and logistics service provider, providing insight and connections from his more than 40 years in the industry. We’ll miss his wisdom, but look forward to collaborating with him in his new role at CSX,” said Kevin Shuba, CEO of OmniTRAX.
OmniTRAX experienced rapid growth under Harris’ guidance, with revenues up 48% and casualty spending down 78% since 2014.
“I’m proud of the performance OmniTRAX experienced during my tenure, with the scheduled model we put in place resulting in an 18-point improvement in the operating ratio while improving safety across the business. We also saw growth within the organization through conscious railroading, diversification and a strong management team,” said Harris.
Harris joined OmniTRAX with more than 35 years of experience in the railroad industry, including nearly two decades working with industry legend Hunter Harrison at the Illinois Central and Canadian National. He also recently served as a senior advisor to Global Infrastructure Partners, an independent fund that invests in infrastructure assets worldwide and as a board director for Universal Rail Services.
“Ed brought a level of professionalism and knowhow to OmniTRAX that has helped us attain or surpass our goals on practically every measurement. We wish him success in his venture at CSX,” said Pat Broe, Founder and CEO of The Broe Group.