Savage begins BNSF oil terminal construction, enters into terminal service agreement with IHB

Savage Companies began construction for a multi-user rail terminal served by BNSF in Trenton, N.D., that will deliver of crude oil by rail from the Bakken Shale oil formation. The 270-acre site will include rail infrastructure, as well as planned space for oil-field material storage and receiving capability for frac sand and other materials. Savage expects to fully subscribe the initial capacity of the Trenton Railport by fall of this year. The Trenton Railport is slated to be operational by the second quarter of 2012 and will be managed by Savage's Railway and Industry Solutions Group. In other news, Savage and the Indiana Harbor Belt Railroad have entered into a terminal services agreement under which Savage will operate a 10-acre multi-user transload facility owned by IHB in Franklin Park, Ill. Savage and IHB will jointly market the transload facility which has 40 active railcar transloading spots.