Cleveland Commercial Railroad and its wholly owned subsidiary, Cleveland Harbor Belt Railroad are set to be acquired by a managed affiliate of OmniTRAX Inc., one of the largest privately held rail-centric transportation and logistics service companies in North America and an affiliate of The Broe Group.
CCRL operates on 35 miles of track in Northern Ohio, while wholly owned subsidiary CHB manages the Port of Cleveland’s rail switching service. The primary commodities shipped include steel, scrap metals, grain and chemicals. CCRL interchanges with Norfolk Southern and the Wheeling & Lake Erie Railway. CHB interchanges with Norfolk Southern and CSX.
As part of the acquisition, the CCRL will be renamed Cleveland & Cuyahoga Railway LLC and the CHB will be renamed Cleveland Port Railway LLC.
OmniTRAX has operated the Newburgh & South Shore Railroad in Cleveland and the Northern Ohio and Western Railway in Toledo for more than 20 years. These rail lines serve the Midwest and Great Lakes, which are key North American manufacturing, distribution and logistics markets that allow OmniTRAX to offer customers a network of rail and multi-modal supply chain services.
The acquisition is expected to close in late August, 2019. The price for the transaction was not disclosed.
