Arrows Up Reports More Anticompetitive Litigation by US Silica
HOUSTON--(BUSINESS WIRE)--Jan 31, 2019--Arrows Up, LLC received a Plaintiff’s Petition in the SandBox Logistics, LLC v. Arrows Up, LLC case in the 334th Judicial District of Harris County demanding title to and possession of frac sand shipping container assets as per an October 2, 2018 judgment. Arrows Up has obtained a stay, is currently seeking relief in the Texas Court of Appeals and will contest this latest competition-stifling litigation by SandBox Logistics, a wholly-owned subsidiary of US Silica Holdings (NYSE-SLCA).
“We understand that the ongoing litigation between Arrows Up and SandBox LLC may raise concerns for our customers and are committed to being as transparent as possible while we progress through the appeals process. It is our attorney’s position that the lower court conversion rights are not enforceable while the appeal process unfolds, so all of our assets remain owned by Arrows Up, LLC. and we will continue doing business with our customers as usual,” said Kevin Shuba, CEO of Arrows Up managing affiliate OmniTRAX.
Arrows Up and its affiliate OmniTRAX Energy Solutions (OES) continue to grow their multi-basin operations and product innovations to meet their clients’ growing needs. OES recently launched ShaleTECH Transportation, a joint venture that provides dramatic cost savings as part of a total sand transportation solution.
In addition to the Texas State Court appeal, Arrows Up continues its federal suit against SandBox to protect its first-in-time superior intellectual property rights.
About Arrows Up, LLC.
Arrows Up, LLC began by following a company’s request to create better products to serve the bulk storage and transportation industry. The management and operations teams of Arrows Up have over 65 years of combined experience in the packaging and logistics industry. Our mission is to create innovative, efficient and safer solutions for the bulk storage and transportation industries. This is accomplished through research, customer involvement and continued experimentation with materials, design and assembly concepts. More information is available at http://www.arrowsupllc.com/.
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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190131005663/en/
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: ENERGY OIL/GAS UTILITIES TRANSPORT RAIL TRUCKING MANUFACTURING LOGISTICS/SUPPLY CHAIN MANAGEMENT ENGINEERING PACKAGING NATURAL RESOURCES MINING/MINERALS PROFESSIONAL SERVICES LEGAL
SOURCE: OmniTRAX, Inc.
Copyright Business Wire 2019.
PUB: 01/31/2019 11:21 AM/DISC: 01/31/2019 11:21 AM