OmniTRAX, Inc., one of the largest privately held transportation service companies in North America and an affiliate of The Broe Group, on behalf of its managed and affiliated railroads, is the first short line company to join the Blockchain in Transport Alliance (BiTA). BiTA was founded to engage thought leaders within the transportation and technology industries who have a shared vision of leveraging blockchain technology within the supply chain to develop a standards framework, educate the market and encourage widespread adoption.
“As a leading transportation services company, we want to have a positive impact on efficiency, security and transparency for our customers and partners, and that’s what blockchain offers,” said Hubert Gassner, Chief Financial Officer at OmniTRAX. “It is critical for the short line and regional railroad sector of the transportation industry to have a seat at the table when supply chain technology standards that can enhance performance are discussed.”
The Blockchain in Transport Alliance (BiTA), founded in August 2017, is a forum for promotion, education and encouragement to develop and adopt blockchain applications in the trucking, transportation, and logistics industry. BiTA’s goal is for members to participate, discuss, create and adopt industry standard uses of blockchain applications and to provide clarity and direction for the development of blockchain technology in the trucking industry in a manner that will create efficiency, transparency and foster trust.
About OmniTRAX, Inc.
As one of North America’s largest private railroad and transportation management companies, OmniTRAX’s core capabilities range from providing management services to railroad and port services and to intermodal and industrial switching operations. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX. More information is available at www.omnitrax.com.
About The Broe Group
The Broe Group, based in Denver, Colorado, is a diversified privately-owned enterprise with a multi-billion dollar asset base. The Broe Group and its affiliates employ more than 1,000 people directly and provide employment for countless others through its Great Western Industrial Park in Northern Colorado. The Broe Group and its affiliates own commercial real estate and other businesses across North America. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations, and one of the largest operators of short-line railroads in the U.S. Its energy affiliate, Great Western Oil & Gas Company, is a top 10 driller in Colorado and among the top 100 drillers in the U.S. The Broe Group has multiple other investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, see www.broe.com.