By OGJ editors
HOUSTON, Apr. 19 -- Kinder Morgan Energy Partners LP has acquired two rail terminals and a dry-bulk storage and loading operation from US Development (USD) and A&L Trucking LP in separate transactions totaling $63 million. The assets "will provide terminaling services to move growing supplies of ethanol into high-demand markets and handle bulk product imports," KMP said.
Included in the transaction with USD is the Lomita rail terminal in Carson, Calif., which can receive and offload as many as 100 rail cars in 24 hr, and the rail facility in Deer Park, Tex., which offers loading, storage, and staging services for up to 900 cars at once.
