Market Overview

City of Peru and Peru Industrial Railroad Receive State Grant for Road and Intermodal Rail Work to Improve Freight Flow


$4.4 million project will make the rail line and adjacent streets
safer and more efficient

The City of Peru, Illinois and OmniTRAX, Inc., one of the largest
privately held transportation service companies in North America and an
affiliate of The Broe Group, are the recipients of an Illinois
Competitive Freight Program grant from the Illinois Department of
Transportation (IDOT). The grant will help fund the Peru Intermodal,
Safety, Congestion, and Energy Security Project (PISCES) to improve and
enhance safety and security of the OmniTRAX-managed Peru Industrial
Railroad (PIR).

Administered by IDOT using federal funds, the Illinois Competitive
Freight Program is designed to implement the goals of the Illinois State
Freight Plan to improve safety, boost efficiency and grow the economy.
PISCES was the only railroad project selected to receive funding from
IDOT's flow-down money created by the reauthorization of the National
Highway Freight Program.

"We have been working closely with the City of Peru for several months
to ensure the project meets everyone's goals of a safer rail line that
is positioned to grow in support of the local economy. We appreciate the
efforts of Mayor Scott Harl and his team and look forward to making this
project a reality that will dramatically improve the community," said
Kevin Shuba, CEO of OmniTRAX.

PISCES is expected to cost of $4.4 million, based on engineering plans
and design work undertaken by the City of Peru and OmniTRAX. The
Illinois Competitive Freight Program funds will cover 60% of project
costs and OmniTRAX and the City of Peru will cover the remaining 40%.

"The City of Peru is committed to building public-private partnerships
that benefit our region and the investment we're making with the Peru
Industrial Railroad is a great example of that. When complete, this
project will make it safer and easier for companies to do business in
and around the City of Peru," said Peru Mayor Scott Harl.

PIR operates a small but vital 3 miles of track in Peru, providing
switching services for the Peru Industrial Park, part of the City of
Peru Enterprise Zone. The rail line interchanges with OmniTRAX-managed
Illinois Railway and BNSF.

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

About The Broe Group

Based in Denver, The Broe Group and its affiliates form a
privately-owned, multi-billion dollar real estate, transportation,
energy and investment organization with assets owned and managed across
North America. Together, Broe managed companies employ more than 1,000
people and provide employment for thousands of others through operations
such as its Great Western Industrial Park in Northern Colorado. Its
transportation affiliate, OmniTRAX, Inc., is one of North America's
largest private railroad and transportation management companies
specializing in: management services, railroad and port services,
intermodal solutions and industrial switching operations. Its energy
affiliates include Great Western Oil & Gas Company, the largest private
operator in the third most prolific U.S. basin. Broe Real Estate Group
acquires, develops and manages office and industrial properties, medical
office buildings and multi-family communities across the country,
including premier assets in many of the most desirable markets. The Broe
Group also has multiple investment affiliates, including Three Leaf
Ventures, which is focused on innovative healthcare technology
start-ups. For more information, visit

View Comments and Join the Discussion!