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Ironhorse Resources has announced its acquisition of US-based San Pedro and Southwestern Railroad (SPSR) from ARG Transportation Services for an undisclosed sum.
Ironhorse will rename the line San Pedro Valley Railroad (SPV).
Ironhorse Resources president Matt Cundiff said: “The San Pedro Valley Railroad is a valuable regional franchise serving a diverse customer base and is a natural fit to our franchise.
“Excellent safety practices and customer service have been the primary focus. We will continue these initiatives with a focus on regional business development.
“The San Pedro Valley Railroad is a valuable regional franchise serving a diverse customer base and is a natural fit to our franchise.”
“We are very excited to have Aaron Lovelady continue as general manager supported by the rest of his team.”
SPV connects with Union Pacific’s main line at Benson and Willcox, Arizona, and serves regional businesses in Cochise County.
Agricultural, chemicals, feed grains, mining and building products are the line’s chief sources of traffic.
Ironhorse Resources began operating Rio Valley Switching Company (RVSC), a railroad located in Southern Texas, in 1993.
Approximately 74 miles long, the line has about 70 customers and serves the Texan cities of Harlingen, McAllen, Edinburg, Santa Rosa and Mission.
Ironhorse Resources is the parent company of 11 operating companies, including five short line railways, three transload facilities, and two road haulage companies.
The post Ironhorse acquires US rail line San Pedro and Southwestern Railroad appeared first on Railway Technology.
This article first appeared on www.railway-technology.com
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