CSX sells to OmiTRAX two rail operators

A managed affiliate of OmniTRAX, a North American railway company and an affiliate of The Broe Group, acquired the Alabama & Tennessee River Railway (ATN) and the Fulton County Railway (FCR) from CSX, but the terms for the transaction are not disclosed.
The operations of the ATN and FCR, which have been managed by OmniTRAX for several years, are expected to continue unchanged following the acquisition. The ATN, based in Gadsden, Alabama, operates 193 km track used to transport cement, pulp board, food products, canned goods, steel and other commodities. The FCR, based in Atlanta, operates 40 km of track in the Fulton County Industrial Park providing service to warehouses and light manufacturing companies transporting food products, metals, building materials, paper and packaging products.
“The Alabama & Tennessee River Railway and the Fulton County Railway have been great operations for OmniTRAX due to the business friendly climate in Alabama and Georgia, strong regional commodity flows and select expansion opportunities,” Kevin Shuba, CEO of OmniTRAX said.