Holy Toledo! Las Vegas company buys Ohio short line

RELATED TOPICS: MIDWEST | SHORT LINES AND REGIONALS | WEST
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LAS VEGAS — United Rail, a short line railroad consolidator and owner of the X Train brand and brand licensor, today announced that it has acquired U S Rail Holdings, a short line railroad in Toledo, Ohio.

As a short line, U S Rail Holdings also offers transloading, private industrial rail car switching, track maintenance services, rail car repair, and rail car storage. The railroad leases and operates about 72 miles of rail lines in the Kokomo, Ind.-area.

“Our plan is to consolidate the smaller and sometimes overlooked short lines and consolidate them under the United Rail Inc. banner,” says Michael Barron, CEO of United Rail Inc. “We plan to aggressively grow our presence in other markets. With the inclusion of (the railroad) under the United Rail Inc. umbrella, we now have a pathway to effectively reach those small railroad companies who wish to sell.”

Danielle M. Mitchell, CEO of U S Rail Holdings and the new executive vice president of Business Development for United Rail Inc., stated, “We have been looking for some time to find a partner with the same vision as we have for the consolidation of these small short lines. Now with this deal, we will have a leg up on contacting and closing these rail properties and afford the sellers a path to liquidity. We are very pleased to be part of the exciting program United Rail Inc. has planned.”

The Toledo offices of U S Rail will now become the operations hub for the acquired companies into the United Rail network. United Rail already has developed a pipeline of prospective companies and expects to have five such railroads under the United network by the end of the year.

— A United Rail Inc. news release. Aug. 23, 2018.
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