DENVER, Aug. 2, 2011 /PRNewswire/ -- OmniTRAX, Inc. today announced that the Stockton Terminal & Eastern Railroad ("ST&E"), which has been in operation since 1908, is now part of the OmniTRAX, Inc. family of managed railroads.
"The ST&E has a long and storied history and has provided quality rail service to its customers for decades," said Gary Long, president and CEO of OmniTRAX. "We look forward to continuing to provide that same high level of service in the future and working with the customers in Stockton to help grow their businesses and to bring new industries and jobs to the area."
Located in California's Central Valley, the 25-mile ST&E Railroad is linked to the Port of Stockton via the Union Pacific and Burlington Northern Sante Fe railroads. It is located near Interstate 5, one of North America's busiest freight corridors, and serves a number of Fortune 500 customers located on its lines.
Its prime location maintains rail access for active industrial facilities comprising hundreds of thousands of square feet; plus another 800,000 square feet of available warehouse space; and hundreds of acres of agricultural fields and of industrial-zoned property. Concurrent with the acquisition of ST&E, OmniTRAX has formed a joint venture with ST&E's prior owner to develop these facilities and attract new rail business to the properties.
OmniTRAX, based in Denver, Colorado, is one of North America's largest privately-held transportation management companies, managing railroads, intermodal service providers, transload companies, ports, and related entities throughout North America. With the addition of the ST&E, it manages 17 regional and short line railroads, serving 11 U.S. states and three Canadian provinces. For more information, see www.omnitrax.com.
OmniTRAX is an affiliate of The Broe Group, based in Denver, Colorado, which has operations in the real estate, transportation and energy businesses throughout North America. For more information, see www.broe.com.
SOURCE OmniTRAX, Inc.