DENVER – OmniTRAX, Inc., one of the largest privately held rail and transportation service companies in North America and an affiliate of The Broe Group, elected Keith Lovetro to its Board of Directors. Lovetro currently serves as President and Chief Executive Officer of TRAC Intermodal, the largest intermodal chassis pool manager and equipment provider for international and domestic shippers in North America. He replaces John Giles on the six-person board effective today.
“We are fortunate to have such a skilled and connected leader as Keith join our board. His more than 34 years of management experience, including time with regional trucking, ground parcel, air express and air freight firms, will help guide all of our businesses,” said Brad Skinner, Chairman of OmniTRAX.
Lovetro has served as President and CEO of TRAC Intermodal since June 2011, growing revenue by 23+ % (CAGR) since joining the company. Prior to Trac Intermodal, he was President and Chief Executive Officer of YRC Regional Transportation, responsible for the P&L performance of USF Reddaway, USF Holland and New Penn Motor Express which had annual revenues of more than $2.0 billion and more than 14,000 employees. He previously held executive positions at DHL Express and FedEx Freight West, and started his career at Emery Worldwide/CF Airfreight.
Lovetro holds a Bachelor of Arts degree from University of California, Davis, and a Master of Business Administration degree from University of Santa Clara. He serves on the Board of Directors of Interpool (parent company of TRAC Intermodal), the Institute of International Container Lessors and the Intermodal Association of North America, and is a member of the American Trucking Association and the Council of Supply Chain Management Professionals.
Note to Editors: A photo of Keith Lovetro is available.
About OmniTRAX, Inc.
As one of North America’s largest private railroad and transportation management companies, OmniTRAX's core capabilities range from providing management services to railroad and port services and to intermodal and industrial switching operations. Through its affiliation with The Broe Group and its portfolio of managed companies, OmniTRAX also has the unique capability of offering specialized industrial development and real estate solutions, both on and off the rail network managed by OmniTRAX. More information is available at www.omnitrax.com.
About The Broe Group
The Broe Group, based in Denver, Colorado, is a diversified privately-owned enterprise with a multi-billion dollar asset base. The Broe Group and its affiliates employ more than 1,000 people directly and provide employment for countless others through its Great Western Industrial Park in Northern Colorado. The Broe Group and its affiliates own and/or manage commercial real estate and other businesses across North America. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations, and is the 2nd largest operator of short-line railroads in the U.S. Its energy affiliate, Great Western Oil & Gas Company, is a top 10 driller in Colorado and among the top 100 drillers in the U.S. The Broe Group has multiple other investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. For more information, see www.broe.com.