LAS VEGAS, NV , Oct. 24, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – United Rail, Inc. (OTCPK: URAL) announced today that it has begun to install its unique United Rail Precision Railroading on its operating railroads. The first installation of the on-time Precision Railroading is the Winamac Southern Railway in Kokomo, IN. The efficient delivery and freight scheduling first put into service on the Illinois Central Railroad by United Rail Director of Rail Operations John McPherson, is an innovative scheduling and on-time delivery process which increases efficiency on rail shipping. Several Class 1 Railroads have recently adopted the United Rail Precision Railroading including CSX and Union Pacific. United Rail is the first short line operator to install Precision Railroading on the smaller short line railroads.
The Company already has an active pipeline of over 200 short line railroads which it draws from its insurance customers of United Short Line Insurance Services. “We feel the installation of our United Rail Precision Railroading on short lines will be welcomed by the larger railroads we interchange with, thus increasing efficiency for all parties,” said Michael Barron, CEO of United Rail.
John McPherson, Director of Rail Operations for United Rail and creator of the Precision Railroading, said, “Most small short line railroads are owned and run by individuals and not by large corporations. They don’t have the resources or technology to deploy this type of scheduling on their lines. As a result, many short lines operate at less than peak efficiency and lower than optimal operating margins. All parties benefit from on time scheduled delivery.”
About United Rail Inc.
United Rail, Inc. is in the business of acquiring short line railroads in both the passenger operations sector as well as freight operations. The company has been active in this space for five years. It has operated both passenger rail excursions and short line freight operations and plans to develop rail infrastructure projects and terminal operations.
Forward-looking Statements
This press release may contain forward-looking statements regarding United Rail, Inc. (the “Company”) within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are “forward-looking statements”, including statements regarding: the financial outlook of the Company, the general ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects,” “anticipates,” “seeks,” “should,” “could,” “intends,” or “projects” or similar expressions, and involve known and unknown risks and uncertainties. The Company’s actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, and may be beyond the Company’s ability to foresee or control. The Company does not undertake an obligation to update or revise any forward-looking statements, and all forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date hereof.