Agracel, Inc., a provider of industrial development services to rural communities, has announced the launch of a new affiliate, Agracel Rail Holdings. The subsidiary will develop short line and regional railroad services in North America. Based in Central Illinois, Agracel Rail is an independent freight railroad and rail services holding company. Upon its launch, Agracel Rail announced a new agreement with the Lawrence Economic Development Corporation to redevelop and operate rail infrastructure located at The Point Industrial Park in South Point, Ohio.
“What sets us apart from other short line companies is our focus on rural community development and the expertise we've brought together," said Dean Bingham, president and CEO of Agracel. "The Agracel Rail team has broad experience with rail startups and industrial railroad expansion."
“Our goal in becoming a leading industrial and short line development firm is to enhance our customers’ overall safety, efficiency, and competitiveness in the marketplace," said Scott Lurkins, co-founder and president of Agracel Rail.
Under the new agreement, Agracel Rail will operate and manage The Point's rail services and invest in safety improvements and track upgrades to better serve rail customers. It will market several hundred acres of sites at the industrial park, and work with LEDC, OhioSE, and JobsOhio to attract and retain manufacturing jobs in the region.
“The decision to enter into this long-term partnership is based on Agracel’s history of industrial development success, short line railroad operations, and dedication to LEDC’s mission of attracting and supporting advanced manufacturing, distribution, and industrial firms from around the world,” said Dr. Bill Dingus, executive director of the LEDC. “The unique combination of The Point’s assets, partnered with Agracel’s railroad and development expertise, provides a great opportunity for our existing and future customers.”
About Agracel, Inc.
Agracel, Inc. is the premier provider of industrial development services to communities in the tertiary markets. Founded in 1986, Agracel, Inc. facilitates and retains manufacturing jobs, and provides development services to communities in 21 states across the United States.
About Agracel Rail
Agracel Rail is committed to being the safest and most innovative rail and transportation services company in North America. Agracel Rail develops sustainable supply chain solutions that support long-term value for customers and the communities served by combining core short line rail expertise with unique industrial development and real estate capabilities. Agracel Rail is an affiliate company of Agracel, Inc.
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