Georgia & Florida Railway Deploys Interline Settlement System
DENVER – The Georgia & Florida Railway, LLC (GFRR), an affiliate of OmniTRAX, Inc., continues to make shipping by rail easy with the implementation of Railinc’s Interline Settlement System (ISS) in partnership with Norfolk Southern Railway, CSX Transportation and GE Transportation’s Digital Solutions business. ISS is the standard process in the rail industry to share revenue when two or more railroads handle a shipment. Additional OmniTRAX rail lines will convert to ISS in collaboration with the company’s Class 1 rail partners during the coming months.
“This is a significant accomplishment for our organization,” said David Rohal, Senior Vice President of Customer and Class 1 Relations at OmniTRAX. “The ISS process brings us to the same standard used by the major railroads providing the automation our customers and rail partners expect. This supports our ability to grow business and enhances our industrial development and real estate activities, key differentiators for OmniTRAX-managed companies.”
ISS is the accepted standard method by which the rail industry settles interline freight revenues via Electronic Data Interchange (EDI). Through EDI messaging, the system distributes revenue waybills, including rates and divisions, and provides a mechanism for concurrence prior to settlement.
“We see ISS as a cornerstone for building businesses that generate railroad traffic for us and our interchange partners, while improving service and making shipping by rail easy for our customers,” said Kevin Shuba, Chief Executive Officer of OmniTRAX.
About OmniTRAX, Inc.
As one of North America’s largest private railroad and transportation management companies, OmniTRAX’s core capabilities range from providing management services to railroad and port services and to intermodal and industrial switching operations. 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 www.omnitrax.com.
About The Broe Group
The Broe Group, based in Denver, Colorado, is a diversified privately-owned enterprise with a multi-billion dollar asset base. The Broe Group and its affiliates employ more than 1,000 people directly and provide employment for countless others through its Great Western Industrial Park in Northern Colorado. The Broe Group and its affiliates own and/or manage commercial real estate and other businesses across North America. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations, and is the 2nd largest operator of short-line railroads in the U.S. Its energy affiliate, Great Western Oil & Gas Company, is a top 10 driller in Colorado and among the top 100 drillers in the U.S. The Broe Group has multiple other investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, see www.broe.com.