NKCR Announces Acquisition of Nebraska Rail Lines From BNSF

FORT WORTH, Texas — Nebraska, Kansas & Colorado RailNet (NKCR) will acquire two rail lines consisting of nearly 89 miles of track from The Burlington Northern and Santa Fe Railway Company (BNSF) in Southwestern Nebraska. The two rail lines being acquired by NKCR are between Oxford and Franklin, Neb. and between Culbertson and Imperial, Neb. NKCR will begin operations on both lines, November 13, 2004.

This additional NKCR trackage will serve customers in the towns of Orleans, Alma, Republican, Naponee, Bloomington and Franklin on the Oxford to Franklin line, and in the towns of Beverly, Palisade, Hamlet, Wauneta, Enders and Imperial on the Culbertson to Imperial line.

NKCR was created in 1996 and with this expansion will operate approximately 524 miles of track. NKCR will interchange with BNSF at Oxford for traffic originating or terminating between Oxford and Franklin, and at McCook, Neb. for traffic originating or terminating between Culbertson and Imperial.

Rob McKenney, Nebraska, Kansas & Colorado RailNet Chairman and CEO, said this transaction "will benefit the customers on the lines by providing them with the flexible local service options provided by NKCR while continuing to provide the long haul reliability of BNSF."

"This kind of service partnership is an important part of BNSF’s ongoing effort to provide the most effective service for its customers and to ensure the most efficient use of its network assets," said BNSF’s Pete Rickershauser, vice president, Network Development. "We believe NKCR has the local business development and operating focus to benefit the customer base along these lines in Southwestern Nebraska, while still enabling the customers to take advantage of BNSF’s network reach; connections with other railroads in the United States, Canada and Mexico; and marketing opportunities, which we continue to refine and enhance."

Nebraska, Kansas & Colorado RailNet, Inc. is owned by North American RailNet, Inc. based in Bedford, TX. North American RailNet owns and operates four short line properties in six states and one Canadian province.