In February 2021, DHIP sponsored a Special Purpose Acquisition Company (SPAC) called Integrated Rail and Resources Acquisition Corp. (IRRX). IRRX is a publicly traded SPAC listed on the New York Stock Exchange and intends to acquire existing stranded and undervalued commodity producers and vertically integrate them using more robust rail transportation assets and solutions. Between 40-80% of the final overall commodity cost delivered to an end-user or customer comes from transportation fees. IRRX’s approach to vertical integration will give its acquired companies the ability to cut transportation costs on delivery giving it a pricing and market advantage over competitors.
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