An executive order signed by President Joe Biden that could force railroads to allow other operators to use their tracks could reduce competition and increase costs, according to industry experts.
Quality Carriers operates more than 2,500 trucks and 6,400 trailers that serve many of the largest chemical producers and processors. The financial terms of the transaction were not disclosed.
Elizabeth, New Jersey, was an important crossing point for railroads. The New Jersey Rail Road extended its line to Elizabeth, first known as Elizabethtown, in 1835.
“The Terminus will be a good location for one tavern, a blacksmith shop, a grocery store, and nothing else.”