Omni-Trax moves to acquire Heart of Texas Railroad
April 28th, 2016
April 28, 2016 - TRA Newswire
Denver Colorado based Omni-Trax has filed a brief with the Surface Transportation Board to acquire the Heart of Texas Railway, renaming it Central Texas and Colorado River Railway.
The 67.5 mile railway runs from a junction with BNSF Railway at Lometa to Brady, Texas. The CTCR plans to own and operate the entire line. Heart of Texas has operated the Brady line since 2013 when it was acquired out of bankruptcy.
According to a Wiki posting on May 19, 2013, a 300-yard (270 m)-long trestle carrying the tracks over the Colorado River about 10 miles (16 km) west of Lometa burned and collapsed. The fire, of unknown origin, began on the western side of the trestle about 4 p.m.; by the time volunteer firefighters from Lometa arrived, the fire was uncontrollable. There were no injuries. At the time the potential loss to the company was estimated at $10 million. The company contracted with JCF Bridge & Concrete to replace the bridge, and the new span opened on May 16, 2014. The bridge cost $4 million. The railroad primarily carries frac sand from hydraulic fracturing.
Omni-Trax operates the Panhandle Northern Railroad and the Brownsville and Rio Grande International Railway in Texas. The company also operates the Sands Spring Railway near Tulsa, Oklahoma.
Denver Colorado based Omni-Trax has filed a brief with the Surface Transportation Board to acquire the Heart of Texas Railway, renaming it Central Texas and Colorado River Railway.
The 67.5 mile railway runs from a junction with BNSF Railway at Lometa to Brady, Texas. The CTCR plans to own and operate the entire line. Heart of Texas has operated the Brady line since 2013 when it was acquired out of bankruptcy.
According to a Wiki posting on May 19, 2013, a 300-yard (270 m)-long trestle carrying the tracks over the Colorado River about 10 miles (16 km) west of Lometa burned and collapsed. The fire, of unknown origin, began on the western side of the trestle about 4 p.m.; by the time volunteer firefighters from Lometa arrived, the fire was uncontrollable. There were no injuries. At the time the potential loss to the company was estimated at $10 million. The company contracted with JCF Bridge & Concrete to replace the bridge, and the new span opened on May 16, 2014. The bridge cost $4 million. The railroad primarily carries frac sand from hydraulic fracturing.
Omni-Trax operates the Panhandle Northern Railroad and the Brownsville and Rio Grande International Railway in Texas. The company also operates the Sands Spring Railway near Tulsa, Oklahoma.