Charlotte Western Railroad begins rail operations
JOPLIN, Mo., May 3, 2022 /PRNewswire/ — Charlotte Western Railroad (CER), a wholly owned subsidiary of Jaguar Transport Holdings (Jaguar), began rail operations on May 2ndn/a2022. It acquired lease rights to approximately 13 miles of track owned by the North Carolina Department of Transportation (NCDOT).
“We are delighted to have the opportunity to establish our first operation in North Carolina and the southeastern United States,” said Stu Towner, CEO of Jaguar. “The location of the railway, in a growing metro with access to both Norfolk Southern and CSX, together with the acquisition of a rail-served warehouse, provides us with an excellent opportunity to serve customers current and future and to earn the right to grow alongside them and the We will immediately move forward with a major project in partnership with NCDOT to build a new multi-product, multi-mode transshipment facility on our property of warehouse that will create highly effective solutions for the customers we bring to the property project, along with our focused business efforts to build sites along the rail line ready for new customers, make this a fantastic solution for customers from the Charlotte market.
Charlotte Western is the eighth shortline for Jaguar, which has partnered with OPTrust, one of from Canada the largest pension plans. Other Jaguar Railroads include Missouri Eastern Railroad, Cimarron Valley Railroad, Southwestern Railroad, Washington Eastern Railroad, Oregon Eastern Railroad, Texas Eastern Railroad, and West Memphis Base Railroad.
About Jaguar Transport Holdings
Jaguar is a transport and logistics company headquartered in Joplin, Mo. Since 2018, Jaguar has focused on safety, team culture, customer service and innovation to help drive growth. Jaguar operates eight shortline railways and several other rail sites across United States. Jaguar is a partner of the OPSEU Pension Plan Trust Fund (“OPTrust”), which invests in and manages one of from Canada major pension funds and has significant investment experience in surface transportation and logistics. For more information, visit www.jag-transport.com.
With net assets of over $25 billionOPTrust invests in and manages one of from Canada largest pension funds and administers the OPSEU pension plan (including OPTrust Select), a defined benefit plan with more than 100,000 members. OPTrust is a global investor in a wide range of asset classes, including Canadian and foreign equities, fixed income, real estate, infrastructure and private markets, and has a team of investment professionals. highly experienced investment located in Toronto, London and sydney.
SOURCE Jaguar Transport Holdings