Indiana port’s billion-dollar commerce engine is latest addition to the OmniTRAX network
MOUNT VERNON, Ind. – June 27, 2024 – OmniTRAX, a comprehensive supply chain, industrial development, and logistics solutions partner has been named the exclusive railroad operator for Ports of Indiana – Mount Vernon. The transportation affiliate of The Broe Group, OmniTRAX operates 27 railroads, serving ports and industrial parks across the country. The new rail agreement serving the 1,200-acre port, projected to begin August 1, 2024, represents the fourth domestic port in the OmniTRAX network.
“OmniTRAX is excited to add our best-in-class rail safety and extensive real estate development capabilities to grow the port,” said OmniTRAX CEO Dean Piacente. “The Mount Vernon port provides efficient multi-modal access to the Midwest, and we are committed to helping grow existing businesses while bringing new jobs and new customers to Indiana.”
With an estimated $1.6 billion annual impact, Ports of Indiana-Mount Vernon handles more cargo than any other port in the state. The port’s eight miles of railroad track handle as many as 40,000 railcars annually, including direct unit train service for multiple customers. The OmniTRAX partnership encompasses rail service and industrial development – core areas of company expertise.
“This is a landmark agreement for Ports of Indiana-Mount Vernon that will spur significant growth and business expansions throughout the region,” said Ports of Indiana CEO Jody Peacock. “OmniTRAX offers a unique combination of world-class rail operations and large-scale industrial development services that will help port customers grow and attract new businesses. The Mount Vernon facility is already Indiana’s largest port in terms of cargo shipments, rail traffic and developable land, and it also has the greatest potential for future growth.”
OmniTRAX will support master development of 680 available acres owned by Ports of Indiana in Mount Vernon, including a 544-acre mega site that represents the largest contiguous greenfield space within Indiana’s three port system. A billion-dollar regional energy and agricultural hub, Ports of Indiana-Mount Vernon is the closest major port to the confluence of the Mississippi and Ohio Rivers, and the closest port to the median center of the U.S. population.
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. For more information visit omnitrax.com.
About The Broe Group
Founded in 1972, The Broe Group is a private, multi-billion-dollar investment group with diversified holdings in real estate, rail, infrastructure, energy, agriculture, water, healthcare and technology throughout 37 North American states and provinces. Its deep operational knowledge derived from owning and operating multi-billion-dollar businesses and the global economic insights gleaned from serving its vast Fortune 500 clientele are strategic differentiators. The Broe Group’s entrepreneurial focus enables it to find true value wherever it resides. For more information, visit broe.com.
About Ports of Indiana
Ports of Indiana is a statewide port authority operating three ports on the Ohio River and Lake Michigan. Established in 1961, Ports of Indiana is a self-funded enterprise dedicated to growing Indiana’s economy by developing and maintaining a world-class port system, and by serving as a statewide resource for maritime issues, international trade, and multimodal logistics. Information: www.portsofindiana.com
