DENVER--(BUSINESS WIRE)--The Broe Group’s Transportation affiliate, OmniTRAX Inc., a comprehensive logistics solutions provider, reports the Stockton Terminal and Eastern Railroad (STE) was awarded a grant by the California Transportation Commission under the Short-Line Railroad Improvement Program (SLRIP) to replace and/or repair more than four miles of track in Stockton, Calif.
“The SLRIP grant will greatly enhance our operational efficiency and rail operations in Stockton and preserve and improve transload capacity to meet increased in demand. The project will also significantly reduce costs, emissions and truck travel in the region. We appreciate the partnership with the San Joaquin Council of Governments, which is helping us safely connect our communities and maintain a safe, efficient and environmentally friendly supply chain,” said Sergio Sabatini, President of OmniTRAX
Titled the “Stockton Intermodal Transload and Alternative Fuel” project, the grant was proposed by San Joaquin Council of Governments and will modernize infrastructure on the STE to handle the influx of alternative diesel fuels that comply with California low carbon fuel standards. The grant will fund a safety modernization resurfacing and rail tie replacement program that removes deteriorating 100-year-old rail, rehabilitates degraded switches for essential connection points and replaces six grade crossing surfaces in the track work limits. Work is expected to be completed during the 2021 calendar year.
“The Stockton Intermodal Transload and Alternative Fuel project will eliminate 1,302 tons of CO2 emissions and 2 tons of NOx emissions each year, while dramatically improving the Safety and performance of the STE operation. Without this project, there would be higher transportation costs for California consumers and more congested corridors on highways and regional arterials throughout San Joaquin County,” said Andrew T. Chesley, Executive Director/APCO of the San Joaquin Council of Governments. “Our partnership with OmniTRAX and the STE is a great example of what a public-private partnership is designed to accomplish.”
SLRIP provides funds to short-line railroad infrastructure projects intended to improve freight mobility, volume thresholds and support modern rail freight traffic and the communities and industries they serve throughout California. The $1.8 million grant to the STE covers half the project cost, with the remainder coming from OmniTRAX.
About OmniTRAX, Inc.
As one of North America’s largest and fastest growing private railroad and transportation management companies, OmniTRAX's core capabilities range from providing transportation and supply chain management services to railroad and port companies, to providing intermodal and industrial switching operations to railroads, ports and a diverse group of industrial companies. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX. More information is available at omnitrax.com.
About The Broe Group
Based in Denver, The Broe Group and its affiliates form a privately-owned, multi-billion-dollar real estate, transportation, energy and investment organization with assets owned and managed across North America. Together, Broe managed companies employ more than 1,000 people and support employment of thousands of others through operations such as its Great Western Industrial Park in Northern Colorado. Its transportation affiliate, OmniTRAX, Inc., is one of North America’s largest private railroad and transportation management companies specializing in: management services, railroad and port services, intermodal solutions and industrial switching operations. Its energy affiliates include Great Western Petroleum LLC, the largest private operator in the third most prolific U.S. basin. Broe Real Estate Group acquires, develops and manages office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. The Broe Group also has multiple investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, visit broe.com.
