Thursday, January 11, 2018

Harris departs OmniTRAX Board for CSX position

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Harris departs OmniTRAX Board for CSX position File photo/OmniTRAX

OmniTRAX, Inc., Board Chairman Edmond Harris is resigning after being named executive vice president of operations at CSX Corporation (CSX).



OmniTRAX said the company thanks Harris for his dedication during the past four years he was chairman.

"Ed Harris has been a great advocate of our transformation from a short line rail company to a comprehensive transportation and logistics service provider, providing insight and connections from his more than 40 years in the industry," said Kevin Shuba, CEO of OmniTRAX. "We'll miss his wisdom, but look forward to collaborating with him in his new role at CSX."

OmniTRAX said it experienced rapid growth under Harris' guidance.

Revenues are up 48 percent and casualty spending is down 78 percent since Harris joined the company in 2014.

"I'm proud of the performance OmniTRAX experienced during my tenure, with the scheduled model we put in place resulting in an 18-point improvement in the operating ratio while improving safety across the business," Harris said. "We also saw growth within the organization through conscious railroading, diversification and a strong management team."

Harris joined OmniTRAX with more than 35 years of railroad industry experience, the company said.

He has also served as a board director for Universal Rail Services and as a senior advisor to Global Infrastructure Partners, an independent fund that invests in infrastructure assets.

"Ed brought a level of professionalism and knowhow to OmniTRAX that has helped us attain or surpass our goals on practically every measurement," said Pat Broe, founder and CEO of The Broe Group, of which an OmniTRAX is an affiliate. "We wish him success in his venture at CSX."