OmniTRAX Affiliate Acquires Peru Industrial Railroad, LLC
Purchase expands OmniTRAX footprint in Illinois; will attract new companies and create jobs
DENVER – Peru Industrial Railroad, LLC, a managed affiliate of OmniTRAX, Inc., one of the largest privately held rail service companies in North America, is purchasing the Peru Rail Line from the City of Peru, IL. Peru Industrial Railroad will run freight service on three miles of track starting immediately. Terms were not disclosed.
Peru Industrial Railroad has a direct connection with Illinois Railway, LLC, which is also managed by OmniTRAX. Together, the two rail lines encompass 116 miles of track and have interchanges with BNSF, Norfolk Southern, Canadian Pacific, Canadian National and CSX. Traffic handled 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. 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,” said Kevin Shuba, CEO of OmniTRAX.
Peru Mayor Scott Harl said; “The City of Peru started on the Illinois River and authorized its first railroad in 1887. The City is at the crossroads of two interstate highways and owns a regional airport. This sale further enhances the City’s position as a center of transportation logistics and we look forward to working with Peru Industrial Railroad to further develop that industrial corridor.”