Ironhorse Resources

Ironhorse, Kraus Partner on Gateway Rail Industrial Park

Ironhorse Resources, Inc. and Kraus Development have entered a long-term partnership as railroad developer and operator of Gateway Rail Industrial Park, 2,000-acre master-planned facility located within Kraus Development’s Gateway Industrial Park, north

(UP Photograph)

Class I Briefs: UP, CN

Will Union Pacific (UP) close its Palestine, Tex., freight car repair shop? Meanwhile, the Class I recently hosted a business development event for short line and port partners. Also, CN adds scale models to its technology training program.

Ironhorse Resources acquires two short lines

Ironhorse Resources, Inc. on April 9 acquired two Tennessee-based Class III carriers: the Sequatchie Valley Railroad (SQVR) and the Walking Horse and Eastern Railroad (WHOE). They have been renamed Sequatchie Valley Switching Company (SQSC) and the Walking Horse Railroad (WHRR).

Ironhorse Resources acquires San Pedro & Southwestern

Short line holding company Ironhorse Resources, Inc., has acquired Arizona-based San Pedro & Southwestern Railroad (SPSR). RR Mergers & Acquisitions, a specialist in the sale of rail sector companies, brokered the deal. SPSR will be renamed the San Pedro Valley Railroad (SPVR); the transaction is effective immediately.