Thursday, May 29, 2014

OmniTRAX affiliate acquires Sand Springs Railway Company

Sand Springs Railway Company is being acquired by Sand Springs Holdings, LLC, a managed affiliate of OmniTRAX, Inc. The Sand Springs Railway, which runs freight service between Sand Springs and Tulsa, Okla., on 32 miles of track, will commence operations no later than July 31, 2014.

 

The Sand Springs Railway has direct connections with Union Pacific, BNSF and South Kansas Oklahoma Railroad. Traffic handled includes steel, pulpboard, scrap iron, scrap paper, petroleum products, plastics and lumber.

"We are excited to be in Oklahoma and involved with a market that shows such great potential for growth. The Sand Springs Railway has a great customer base and we are committed to providing the resources to quickly act on new opportunities there," said Kevin Shuba, chief executive officer of OmniTRAX.

As part of the deal, OmniTRAX Logistics Services, the company's transloading unit, is leasing 100,000 sq. ft. of covered warehouse space with heavy lift equipment to serve steel and building products shippers throughout the greater Tulsa area and wider Oklahoma markets.

 

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