14.10.2022
Artikel Nummer: 42572
26th short line railroad acquired
The US-transport company Omnitrax has entered into a contract with Iowa Pacific Holding to purchase the assets of the San Luis and Rio Grande Railroad (SLRG) out of bankruptcy.
The acquisition marks Omnitrax's 26th rail operation, expanding its network to more than 3,200 km in North America, while doubling its Colorado footprint. The parties expect to close the transaction in late 2022.
Originally constructed in 1870, the 250 km railroad has played a vital role in moving freight throughout the west. The SLRG also provides a key state-wide freight connection between the San Luis Valley and Colorado's eastern plains. (ben)