Eastern Railroad Discussion > Farewell to the Winchester & Western

Another independent falls to the holding companies:

https://www.progressiverailroading.com/m_a/news/OmniTRAX-affiliate-to-acquire-Winchester-Western-Railroad--58182


 



Edited 1 time(s). Last edit at 07/27/19 07:13 by ShortlinesUSA.

Was surprised at it's length, didn't realize they had that much track, yah and as to WATCO, total
disappearance of what used to be.

Out

That is dissapointing to hear. Their equipment roams far and wide. I don't know what it is like working there but I've never heard anything good about working for Omnitrax.

It had been a smaller railroad but acquired mileage from other lines

Victor A. Baird
http://www.erstwhilepublications.com

callum_out Wrote:
-------------------------------------------------------
> Was surprised at it's length, didn't realize they
> had that much track, yah and as to WATCO, total
> disappearance of what used to be.
>
> Out

ShortlinesUSA Wrote:
-------------------------------------------------------
> Another independent falls to the holding
> companies:
>
> https://www.progressiverailroading.com/m_a/news/Om
> niTRAX-affiliate-to-acquire-Winchester-Western-Rai
> lroad--58182
>
OmniTRAX uses precision scheduled short-line railroading, per the article.  Hmmm.

mapboy

mapboy Wrote:
-------------------------------------------------------
> ShortlinesUSA Wrote:
> --------------------------------------------------
> -----
> > Another independent falls to the holding
> > companies:
> >
> >
> https://www.progressiverailroading.com/m_a/news/Om
>
> >
> niTRAX-affiliate-to-acquire-Winchester-Western-Rai
>
> > lroad--58182
> >
> OmniTRAX uses precision scheduled short-line
> railroading, per the article.  Hmmm.
>
> mapboy

Omnitrax used to be a good outfit to work for, several management regimes ago. Not so much anymore. They have had a bunch of former Canadian Class One guys come in several years ago, and you can just imagine how that went with employee morale. Their "Precision Scheduled Shortline Railroading" is just another pile of you know what that they throw out there to brag about themselves over.

The W&W parent has gone through transformations, too. The most recent change puts Covia in charge, and they seem to be focused on the frac sand business. Covia sold the W&W to Broe and OmniTrax.

The hundred million received in the sale will pay for new sand processing.

The conference call has a huge amount of info on which grades of sand work in various frac holes.

https://m.nasdaq.com/article/covia-holdings-corporation-cvia-q1-2019-earnings-call-transcript-cm1146468

Posted from Android