DENVER – A managed affiliate of OmniTRAX, Inc., one of the largest privately held transportation service companies in North America and an affiliate of The Broe Group, has acquired the Alabama & Tennessee River Railway, LLC (ATN) and the Fulton County Railway, LLC (FCR) from CSX. Terms for the transaction were not disclosed.
“The Alabama & Tennessee River Railway and the Fulton County Railway have been great operations for OmniTRAX due to the business friendly climate in Alabama and Georgia, strong regional commodity flows and select expansion opportunities,” said Kevin Shuba, CEO of OmniTRAX.
“The transaction marks another milestone in our strong relationship with CSX. We thank the CSX team for their professionalism during the process and look forward to working with them to support current and future customers on the two railroads.”
The operations of the ATN and FCR, which have been managed by OmniTRAX for several years, are expected to continue unchanged following the acquisition. The ATN, based in Gadsden, AL, operates 120 miles track used to transport cement, pulp board, food products, canned goods, steel and other commodities. The FCR, based in Atlanta, 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.