OmniTRAX Assumes Operation of Alabama & Tennessee River Railway; Railway Serves 40 Customers and Port of Guntersville; Acquisition Represents OmniTRAX's 15th Rail Operation

DENVER--()--Feb. 21, 2005--OmniTRAX, the largest private railroad operator in North America, has announced its lease of a CSXT Alabama rail line headquartered in Gadsden, Alabama. Formerly known as CSXT's Alabama Mineral Subdivision, the line will be operated by an OmniTRAX subsidiary, the Alabama & Tennessee River Railway (ATN). This acquisition represents OmniTRAX's 15th rail operation.

From its headquarters in Gadsden, Alabama, the ATN interchanges with CSXT at Birmingham and with Norfolk Southern (NS) at Alabama City. In all, the ATN includes 120 miles of track. In addition, the ATN serves the Port of Guntersville, located at mile point 358.2 on the Tennessee River.

The rail line serves over 40 outstanding and growing customers including National Cement, Progress Rail Services, Tyson Foods, SMI Steel, Georgia Pacific, Goodyear Tire and Rubber, Cargill, Praxair, Regional Recycling and Bowater Lumber.

"OmniTRAX is very pleased with this new opportunity to work with CSXT in an effort to provide shippers with enhanced service and support for their business growth," comments Bob Parker, Chief Operating Officer at OmniTRAX. "We are especially pleased to play a role in supporting the Port of Guntersville." Mr. Parker notes that OmniTRAX owns and operates the 900-mile Hudson Bay Railway serving Port of Churchill on the Hudson Bay in Manitoba, Canada. OmniTRAX also owns and operates the port.

According to CSXT, the company sees this transaction as providing benefit to the local customers.

About OmniTRAX: An affiliate of the Broe Companies (www.broe.com), OmniTRAX is the largest privately held rail services company in North America. With its headquarters in Denver, Colorado, OmniTRAX owns and operates 15 railroads in seven states and three Canadian Provinces. OmniTRAX also owns and operates the Port of Churchill, Manitoba. Additionally, OmniTRAX provides intermodal terminal services to Class I railways through its Quality Terminal Services subsidiary, provides customized private switching services for major industrial complexes through its OmniTRAX Switching Services subsidiary, and provides locomotive maintenance services to Class I railways through its OmniTRAX Locomotive Services subsidiary.

Contacts

OmniTRAX
Michael Burke, 303-393-0033
Sr. VP Corporate Marketing and Communications
E-mail: mburke@broe.com

Contacts

OmniTRAX
Michael Burke, 303-393-0033
Sr. VP Corporate Marketing and Communications
E-mail: mburke@broe.com