DENVER–(BUSINESS WIRE)–Alabama & Tennessee River Railway, LLC (ATN), an affiliate of OmniTRAX, Inc., one of the largest privately held transportation service companies in North America and an affiliate of The Broe Group, is increasing the speed limit on the line between Gadsden and Birmingham, Ala. effective immediately. The increase is the result of a significant investment on about 90-miles of track, related signals, communications systems and crossings during the last year in order to prepare ATN for expected growth.
“We have a rapidly growing business with metals, cement, agriculture, paper and other commodities on the ATN and want to ensure our shipping customers that we can efficiently and safely deliver their products to market. This move, combined with additional days of service each month, will help us do just that,” said Peter Touesnard, Chief Commercial Officer of OmniTRAX.
ATN successfully conducted test runs at the new speed last week after working with local government and law enforcement bodies.
About OmniTRAX, Inc.
As one of North America’s largest private railroad and transportation management companies, OmniTRAX’s core capabilities range from providing management services to railroad and port services and to intermodal and industrial switching operations. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX. More information is available at www.omnitrax.com.
About The Broe Group
The Broe Group, based in Denver, Colorado, is a diversified privately-owned enterprise with a multi-billion dollar asset base. The Broe Group and its affiliates employ more than 1,000 people directly and provide employment for countless others through its Great Western Industrial Park in Northern Colorado. The Broe Group and its affiliates own and/or manage commercial real estate and other businesses across North America. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations, and is the 2nd largest operator of short-line railroads in the U.S. Its energy affiliate, Great Western Oil & Gas Company, is a top 10 driller in Colorado and among the top 100 drillers in the U.S. The Broe Group has multiple other investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, see www.broe.com.
