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Taking over only railroads where he could operate on a non-union basis - RailTex trains operated with two employees paid $ 10 to $ 15 an hour while union trains operated with three to four paid an average of $ 25 an hour. RailTex employees were called transportation specialists or
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RailTex was founded in
December 1977 by Bruce Flohr as a business that leased rail cars. Flohr had invested $ 50,000 of his own money and had investor help for another $ 50,000 from investors. Flohr had started as a
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Deploying three marketing managers rather than the usual one for the line and then marketing to businesses five to 10 miles from the track as opposed to the usual next-to-the-track customers
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train-crew brakeman in 1965 and rose to superintendent of
Southern Pacific's San Antonio Division until he became deputy administrator of the
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174:. Operating the railroad the company quickly developed a formula for a series of successful takeovers, including:
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it won a further concession to operate the
Southern Network. The Brazilian interests were sold in 1999.
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RailAmerica to
Acquire RailTex, Creating World'sLargest Short Line/Regional Freight RailroadOperator
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Purchasing older locomotives which could be acquired for a fraction of the cost of new locomotives.
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that was awarded a concession to operate the 4,400-mile Center
Eastern Network in
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197:. By 1991 it operated 1,500 miles of track in 12 states with 60 locomotives.
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142:, the public company was a leader in making unprofitable lines shed by
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regions of the United States, as well as
Eastern Canada and Mexico.
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under the sign RTEX. In 1996, RailTex was part of a consortium with
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into viable transportation routes. The company was taken over by
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Seeking to broaden the revenue base, he purchased the
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219:In February 2000, the company was taken over by
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212:. Later the same year, in a consortium with
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189:In 1986 it acquired its second short line,
193:.In 1989 it sold its rail car business to
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120:that specialized in owning and operating
367:United States railroad holding companies
362:Railway companies disestablished in 2000
283:RailTex group wins Brazilian concession
172:San Diego & Imperial Valley Railroad
352:Companies formerly listed on the Nasdaq
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200:RailTex went public in 1993 trading on
357:Railway companies established in 1977
296:RailTex expanding its role in Brazil
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347:Canadian railroad holding companies
255:RailTex starts up 17th short line
191:Austin & Northwestern Railroad
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377:2000 disestablishments in Texas
165:Federal Railroad Administration
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372:1977 establishments in Texas
309:RailTex pulls out of Brazil
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274:September 1991 pages 59-73
206:Companhia Vale do Rio Doce
270:RailTex: Cloning Success
313:December 1999 page 18
116:was a transportation
300:January 1997 page 27
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150:in February 2000.
287:July 1996 page 24
144:Class I railroads
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330:October 14, 1999
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161:Southern Pacific
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244:Who is RailTex?
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118:holding company
106:www.railtex.com
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179:"transpecs,"
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74:Headquarters
311:Railway Age
298:Railway Age
285:Railway Age
272:Railway Age
258:Railway Age
225:New England
221:RailAmerica
148:RailAmerica
136:San Antonio
91:Area served
79:San Antonio
61:Bruce Flohr
341:Categories
231:References
122:short line
167:in 1975.
134:Based in
125:railroads
24:Traded as
195:Chrysler
40:Industry
246:RailTex
154:History
127:across
114:RailTex
102:Website
66:Defunct
58:Founder
50:Founded
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17:RailTex
210:Brazil
202:Nasdaq
30:Nasdaq
140:Texas
83:Texas
34:RTEX
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138:,
131:.
81:,
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