Texas Northwestern Railway lands Agrium as logistics park's first tenant

The Texas Northwestern Railway (TXNW) has signed Crop Production Services (CPS) as the first tenant for the railroad's new Panhandle Logistics Park near Sunray, Texas.

The railroad is a subsidiary of TNW Corp. and CPS is a subsidiary of agricultural company Agrium Inc.

CPS plans to develop a multimillion-dollar facility that will serve as a retail location for agricultural products and services. Construction has begun, with completion slated for early 2018, according to a TNW press release.

Located about 50 miles north of Amarillo, Texas, the 580-acre logistics park is a hub for rail-car storage, warehousing, commercial development and transload and transportation services. It is served by the TXNW and BNSF Railway Co.

"We believe [CPS] will be the first of many companies that will choose to call Panhandle Logistics Park home," said Clayton Kendall, corporate property manager for TNW.