ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Utah’s first new railroad in a century opens at Lakeview Business Park

Grantsville, Utah, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Savage Tooele Railroad, Utah’s first new short-line railroad in more than a century, opened yesterday to provide companies in northwest Utah with a cost-effective and sustainable connection to the greater national rail network.

The 11-mile line provides tenants at Lakeview Business Park in Grantsville with enhanced strategic access to efficient rail transportation, offering a significant and sustainable alternative to trucking logistics in the area. The railroad was approved by the U.S. Surface Transportation Board in 2024, with construction starting in November last year. The railroad will operate five days a week with a 286,000-pound gross rail load capacity, giving tenants access to markets across North America.

The railroad was developed by Savage, a privately held, global provider of supply chain infrastructure and solutions, in conjunction with Union Pacific Railroad. It will begin receiving its first shipments later this month.

“This new railroad is a major step forward for Utah’s economy,” said Governor Spencer Cox. “The Savage Tooele Railroad will open doors for Utah businesses, strengthen our supply chains, and create opportunities that will benefit our state for generations.”

“We know this is a much-needed link for the supply chain in northern Utah,” said Jeff Roberts, president and CEO of Savage. “Now that the Savage Tooele Railroad is operational, we’re excited to see it add value for our customers and support businesses in the area.”

The railroad links Union Pacific’s mainline near Interstate 80 directly into Lakeview Business Park, a 1,700-acre master-planned site developed by The Romney Group and Prologis. In addition to rail service, the park offers immediate access to I-80 and I-15, proximity to the Salt Lake City International Airport, and only a 20-minute drive to Union Pacific’s Salt Lake City intermodal terminal. Savage developed the railroad in partnership with Union Pacific Railroad, as well as Lakeview Business Park developers, The Romney Group and Prologis.

“Integrating rail service into Lakeview Business Park creates a logistical competitive advantage,” said Gus Gradinger, VP, customer led development, Prologis. “This new connection expands options, reduces transportation costs and enables faster distribution—making the park an even more attractive place to do business.

“Lakeview has always been about building long-term value for users and the surrounding community,” said Josh Romney, president of The Romney Group. “The Savage Tooele Railroad expands what’s possible here and reinforces our commitment to forward-looking development.”

“This is a win-win as we work together to meet growing demand in Salt Lake City,” said Kenny Rocker, executive vice president – marketing and sales, Union Pacific Railroad. “Short-line partnerships like this one with Savage Tooele Railroad allow us to deliver innovative rail solutions that help our customers connect to our premier network and get to market faster.”  

About Savage
Established in 1946, Savage is a privately held, global provider of supply chain infrastructure and solutions, with more than 4,000 team members in about 200 locations across the United States, Canada, Mexico and Saudi Arabia. Our customers and partners count on us to safely and sustainably move and manage what is essential to their business so they can feed the world, power our lives and sustain the planet.

Attachment


Lindsay Scherer
Savage
801-438-0947
lindsayscherer@savageco.com
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.