The Port of Victoria, Texas has selected Dallas-based TNW Corporation to be the provider of rail operations and to co-develop a 3,000 acre multi-modal logistics center.
TNW is a privately held company consisting of short lines and transportation logistics companies. In Texas the company operates three short line railroads.
The Port of Victoria (POV) is a shallow draft inland served by both Union Pacific and BNSF Railway. The port has direct access to the Intracoastal Waterway which stretches 3,000 miles along the U.S. Coast.
POV Executive Director Sean Stibich said that "the alliance with TNW will bring significant growth to Victoria's economic base. Our customers will be able to take advantage of transportation and service options as our port grows and expands," according to Stibich.
The port, 35 miles inland on the Victoria Barge Canal, boasts a designated Foreign Trade Zone and Texas Enterprise Zone as well as financial and tax incentives for new and growing companies. Current port tenants range from oil and petrochemicals to commodities storage, supply chain management and waterway services.
TNW Vice President of Marketing and Sales Wade Hoffmann said “we are excited about the opportunity to assist in developing and growing this outstanding facility. We believe our alliance will increase business volumes and investment, resulting in new jobs and economic vitality in the region.”
(TNW has been a sponsor of the Southwestern Rail Conference, hosted by Texas Rail Advocates)