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Thursday, May 09, 2019 11:48:30 AM
The Company has hired First Transit as its haulage company, a $7 billion a year rail/transport company in the UK, hauling over 300 million passengers by rail each year. First Transit is the domestic arm of First Group, the UK parent. First Transit also owns Greyhound Lines, a $2.8 billion subsidiary which will be providing bus transfer and pick up services for the X train.
To commence commercial service of the Las Angeles to Las Vegas route, we will need to negotiate and secure the necessary rights, equipment and facilities. These items include: securing a regularly scheduled train agreement from First Transit to operate our excursion service on a weekly basis beginning with one round trip train per week and increasing to six round trips per week over the next several years as demand dictates. This has been completed. Securing operating rights to run our trains over tracks owned by private railroads, obtaining the capability to operate train equipment safely and in conformity with applicable government regulations, and purchasing or leasing appropriate locomotive and passenger cars designed to move passengers over the route in comfort and securing leases on terminal facilities and passenger depots in San Bernardino and in Las Vegas. We expect the X Train to begin running in July 2019.
Metrolink
The company is negotiating a joint venture co-marketing arrangement with Metrolink, the Los Angeles commuter rail system. The plan is to have Metrolink service access to the X train departure station in San Bernardino from its 56 stations in the southland. Over 12 million people annually ride Metrolink trains. We are planning to tap into this market by having a joint marketing of the Vegas service to Metrolink customers.
https://www.marketwatch.com/press-release/10-q-las-vegas-xpress-inc-2018-11-16
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