Denver, Colo.-based Alpenglow Rail, in partnership with Connor, Clark & Lunn Infrastructure, has purchased a newly constructed rail terminal in Orange, Tex., that is served by Union Pacific and BNSF.
The acquisition of Orange Rail—from LJA Investments, a subsidiary of LJA Engineering, in Houston, Tex.—becomes part of Alpenglow and CC&L’s rail switching, railcar storage, transloading and railcar cleaning businesses in the U.S. and Canada. They own and operate USA Rail Terminals, which comprises USA Rail Port Allen (West Baton Rouge, La.) and USA Rail Port Arthur (South Beaumont, Tx.), and VIP Rail, which includes VIP Rail Sarnia (Sarnia, Ontario) and VIP Rail Corunna (Corunna, Ontario).
Situated on 130 acres, Orange Rail offers a loop track capable of handling 120-car unit trains and provides approximately 600 railcar storage spots. LIA completed Phase I construction of the terminal, located between Beaumont, Tx., and Lake Charles, La., in summer 2021.
“We are very excited to add Orange Rail to our USA Rail portfolio,” Alpenglow CEO Rich Montgomery said. “At USA Rail, we serve many of the same customers that will benefit from the acquisition of Orange Rail. This provides excellent optionality for our customer base to execute a single agreement with USA Rail while handling their rail needs across multiple terminals and markets. Uniquely positioned to serve core Gulf Coast petrochemical and industrial centers, our new terminal in Orange is truly one of the most versatile rail terminals in the region. In the near future, it will be able to handle unit trains, store more than 1,200 railcars, provide truck to rail or rail to truck transloading services, and offer railcar cleaning and repair to our customers. LJA did an excellent job designing and building this facility.”
“The teams at Alpenglow and CC&L Infrastructure executed this complex transaction quickly and professionally, and we worked as a team to make it a success for both parties,” LJA Engineering President and CEO James Ross said.
Original Article here: https://www.railwayage.com/freight/switching-terminal/alpenglow-ccl-acquire-orange-tx-rail-terminal/