Railmark Holdings

Railmark Holdings, Inc. is an American rail industry holding company whose subsidiaries provide railroad services in railroad operations, track construction and maintenance, rail freight logistics, rail development, and railroad mechanical services. Railmark Holdings was founded in 1998 by B. Allen Brown, who serves as Railmark's President & CEO. The company will be celebrating its 15th anniversary in 2013.[1]

Railmark primarily operates in the United States, but has had railroad business experience in fifteen countries outside of the United States.[2]

The current subsidiaries are Railmark Track Works, Rail Freight Solutions, Railmark Transit Services, and Railmark Railcar Services. Railmark Transit Services serves the light rail and regional rail industry. Previous subsidiaries include Michigan Air-Line Railway and Railmark's Rail Entertainment USA. Railmark’s operations are divided into five business segments: railroad operations, rail logistics, track construction and maintenance, railcar services, and rail development.

The Railmark Track Works subsidiary supplies a line of bio-based, biodegradable rail curve and switch plate lubricants. Ultralube brand railroad lubricants are manufactured from renewable USA-grown crop based oils. RAILheat utilizes an environmentally safe and energy efficient Far Infrared (FIR) technology that is designed to prevent freezing in railroad equipment and operations. These products meet the U.S. Environmental Protection Agency's (EPA) Environmental Preferable Purchasing (EPP) criteria.[3]

Rail Entertainment USA used to run the Star Clipper Dinner Train, Steel Wheels Party Train, and Pullman Palace Bed & Breakfast, along with a scenic railway operation located in Oakland County, Michigan. The Star Clipper Dinner Train is the first and oldest dinner train in the United States, dating back to early 1986. The final run of this train was on December 31, 2008.[4]

In March 2015, it was announced that the passenger operations of Canadian National subsidiary Algoma Central Railway would be assumed by Railmark Canada Ltd. with the intention of increasing services and marketing.[5]

In early May, 2014, it was announced that Railmark was one of four private bidders which had submitted proposals for the Chicago-Indianapolis Hoosier State passenger train, currently operated by Government-owned Amtrak.

On November 12, 2009 the company sold its Michigan Air-Line Railway to Nebraska-based Browner Turnout.[6]

References

  1. ↑ "Company Overview of Railmark Holdings, Inc.". Bloomberg Businessweek. Bloomberg Businessweek. Retrieved 3 January 2013.
  2. ↑ "Railmark Launches International Subsidiary" (PDF). Retrieved 3 January 2013.
  3. ↑ "Railmark Launches Two New Eco-Safe Product Lines". Business Wire. Business Wire. Retrieved 3 January 2013.
  4. ↑ "Final Train to Depart Walled Lake Dec. 31, 2008". Archived from the original on February 12, 2009. Retrieved 2009-01-07.
  5. ↑ "Railmark finalizes agreement to run ACR passenger rail service". Northern Ontario Business. Northern Ontario Business. Retrieved 2015-03-13.
  6. ↑ "Railmark Sells Michigan Railroad". DBusinessNews. November 12, 2009. Retrieved 2009-11-13.
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