Who’s got a ticket to ride on private Zip Rail?
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While a private entity calling itself the North American High Speed Rail Group LLC has declared itself the private organization that’s going to raise capital and build the Zip Rail, a nonstop high speed rail line between the Twin Cities and Rochester, the group has been reluctant to share much about its corporate structure or backers.In an email exchange with Bluestem Prairie, the group’s Chief Strategy Officer Wendy Meadley declined to share information via email about the group’s corporate structure, the CEO’s bio, and the group’s plan to elevate the Zip Rail tracks to accommodate agriculture. “At this time we are not publicly displaying the type of information you are requesting, but we are happy to respond,” Meadley wrote.We’ve done a bit of research, hoping to learn more. This is what we’ve come across so far.CEO: Joe SperberThe Rochester Post Bulletin’s Heather Carlson reported in Long road ahead for private rail developer:During an interview after the meeting, North American’s CEO and president, Joe Sperber, said the company believes it can do something that has never been done in the United States before —privately build and operate a high-speed rail system. The key to making the plan a success is that it would not rely simply on the rail. Instead, Sperber said the project would including economic development tied into the project.Who is Joe Sperber? He appears to be a resident of Stillwater who was CEO of HexFuel. Finance and Commerce reported in HexFuel gets state grant for Hastings facility:Maplewood-based startup HexFuel is getting a $740,000 grant from the Minnesota Job Creation Fund to help with a new manufacturing facility in Hastings that is expected to employ 150 people within three years, according to a Department of Employment and Economic Development news release.HexFuel makes a device that can be installed on diesel engines to make them more efficient. The BoostBox H2 breaks down water into hydrogen and oxygen and uses the gases to improve combustion, which increases fuel efficiency, reduces emissions and enhances performance.The company is investing $10 million to open a plant for manufacturing the devices. Continue Reading







