(Source: Progressive Railroading 10/19/2018)
Las Vegas Railway Express Inc. announced yesterday it is changing its name to United Rail Inc.
The Las Vegas company — owner of the X Train brand and brand licensor — acquired United Rail in January.
The name change is part of a plan to consolidate short lines and passenger-rail lines under the United Rail banner, said United Rail Chief Executive Officer Michael Barron in a press release.
United Rail has an “active pipeline” of five short lines it’s planning to acquire, totaling $7.7 million in revenue and an additional $2.3 million in earnings.
Along with the name change, Las Vegas Railway Express’s trading symbol will be changed to URAL.
Las Vegas Railway Express filed the name change with the Financial Industry Regulatory Authority Inc., which approved the change.
The X Train is a planned passenger-rail excursion line between Los Angeles and Los Vegas. The company is “working diligently” to introduce the service late this year, according to the X Train website.