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Stock impact report

OmniTRAX joint venture acquires California short line railroad [Yahoo! Finance]

Union Pacific Corporation (UNP) 
Last union pacific corporation earnings: 4/23 08:00 am Check Earnings Report
US:NYSE Investor Relations: up.com/investors
Company Research Source: Yahoo! Finance
OmniTRAX announced a joint venture partnership to acquire the Santa Maria Valley Railroad in California's Central Coast region. The deal is OmniTRAX's 29th rail operation in its expanding national network, North America's largest privately owned shortline holding company. Terms were not disclosed. The Santa Maria Valley Railroad is a historic 114-year-old line operating 15 miles of mainline track connecting local commercial and agricultural businesses to coastal ports and the broader North American rail freight network via the Union Pacific in Guadalupe. This acquisition represents OmniTRAX's first rail joint venture in a partnership with Coast Belle Rail Corp., which has operated the Santa Maria since 2006. “The Santa Maria Valley Railroad plays a critical role in California's supply chains and this acquisition is another key step in the expansion of the OmniTRAX Rail Network,” said Nathan Brown, executive vice president of OmniTRAX, in a release. For businesses without Show less Read more
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