During November 2018, a new line of trains will begin to run in the state of Florida named the Virgin Trains USA. This project is an effort between companies which include Brightline, Fortress Investment Group, and Virgin Train. The Brightline trains will carry the logo of Sir Richard Branson as he embarks upon the train industry in the United States. This project is the first private intercity passenger train project that has occurred in the United States in over 100 years. Read the article about Fortress at dailyforexreport.com
This train project will serve the area of south Florida that includes Miami, Fort Lauderdale, and West Palm Beach. Fortress Investment Group will primarily finance the train line. The daily operations and managerial duties for the project are the responsibility of Brightline. Sir Richard Branson’s Virgin Trains is a minority investor in the train project. An affiliate company of Fortress Investment Group is the majority owner of Brightline. The name Virgin Train will be used for this line in an effort to raise the number of passengers because of the long history the brand has in the train industry in the United Kingdom and on the West Coast of the United States which dates back over 21 years.
Chairman and Co-Founder of Fortress Investment Group Wes Edens and Sir Richard Branson shared their perspectives about the new partnership and the benefits it will bring in the future. Edens spoke of the reputation that Virgin Group has in the travel and hospitality industry. It is the hope of Edens that the partnership can increase the performance of the train line and capitalize on the technology and emphasis that both companies have on satisfying customers. Branson believed from his initial tour of Brightline that there was potential for a great partnership and that the company can benefit from the innovation that Virgin Group is known for using to alter the perspectives of travelers in the United States and expand the train market.