BUCYRUS -- The Ohio Rail Development Commission on Wednesday approved a loan in the amount of $400,000 to Bucyrus Industrial Railroad, LLC, which will be used to offset costs of rail infrastructure necessary to serve additional customers.
Bucyrus Industrial Railroad (BIR), LLC is a subsidiary of Cathcart Rail, LLC. BIR was created by Cathcart to better serve their existing customers and undertake additional services including on-site switching operations.
“With this investment we are looking to create a new railroad and bring new jobs to the Bucyrus, Ohio area," said President Casey Cathcart.
Matthew Dietrich, executive director of the ORDC, said, “This project is an excellent example of how we can assist a growing company that is making investments and hiring people in Ohio.”
ORDC assists Ohio companies and communities in creating and retaining jobs by preserving rail service to existing shippers and providing rail service to new customers.
In addition, the ORDC funds projects to improve railroad-highway grade crossings to increase safety to the traveling public. Please remember, when around railroad tracks always expect a train. Rail lines in Ohio are private property and trespassing is both strictly prohibited and extremely dangerous.