OmniTRAX acquires Peru Rail Line
USA: Short line and terminal operating group OmniTRAX announced on February 23 that its Peru Industrial Railroad subsidiary had agreed to purchase the Peru Rail Line from the City of Peru, Illinois. The price was not disclosed, but local media reports put the figure at $1·25m.
The 3 km line connects with OmniTRAX’s Illinois Railway to provide a 185 km network which interchanges with BNSF, Norfolk Southern, Canadian Pacific, Canadian National and CSX. Traffic includes frac sand, industrial products and other commodities.
‘The rail line is a natural add on for OmniTRAX and will create great freight and development opportunities for the City of Peru’, said OmniTRAX CEO Kevin Shuba. ‘When combined with the Illinois Railway, this operation will provide our customers with needed services, while delivering new jobs and economic growth to LaSalle County and beyond.’