Patriot Rail

CPKC, Patriot Rail partner on new Texas transload site

Patriot Rail Co., an operator of U.S. shortline and regional freight railroads, is set to expand its transload services in Texas.

In partnership with Canadian Pacific Kansas City, Patriot Rail will establish a new multicommodity transload facility on CPKC’s network in Denton, Texas.

This strategic move aims to enhance transload services and logistics solutions for customers in the rapidly growing Dallas-Fort Worth metropolitan area. The facility will handle a variety of commodities, including...

https://www.freightwaves.com/news/cpkc-patriot-rail-partner-on-new-texas-transload-site

3 Las agencias de calificación intervienen en las finanzas de Patriot Rail en medio de un cambio de estructura de deuda

3-las-agencias-de-calificacion-intervienen-en-las-finanzas-de-patriot-rail-en-medio-de-un-cambio-de-estructura-de-deuda

El operador de cortometraje Patriot Rail, el nombre de NA Rail, orientado al negocio, va a los mercados de deuda para la refinanciación, lo que lleva a las tres agencias de calificación a evaluar su problema.Tres calificaciones sobre el mismo problema y compañía en el mismo tema son inusuales. Las empresas a menudo están satisfechas […]

Esta entrada 3 Las agencias de calificación intervienen en las finanzas de Patriot Rail en medio de un cambio de estructura de deuda Aparece primero en FullAvante...

https://fullavantenews.com/3-las-agencias-de-calificacion-intervienen-en-las-finanzas-de-patriot-rail-en-medio-de-un-cambio-de-estructura-de-deuda/?lang=es

3 ratings agencies weigh in on Patriot Rail’s finances amid debt structure change

Shortline operator Patriot Rail, the business-facing name of NA Rail, is going to the debt markets for refinancing, prompting all three ratings agencies to weigh in on its issue.
Three ratings on the same issue and company at the same issue is unusual. Companies often are satisfied with one or maybe two. But all three were published this week.
The debt issue in question is a $440 million offering to pay down existing debt, pay a dividend to shareholders and cover transaction fees. The ratings...

https://www.freightwaves.com/news/3-ratings-agencies-weigh-in-on-patriot-rails-finances-amid-debt-structure-change

Brandy D. Christian named next CEO of Patriot Rail

Yesterday, we reported that Brandy D. Christian is stepping down as president and CEO of the Port of New Orleans (and as CEO of its New Orleans Public Belt Railroad unit) in mid June to pursue an opportunity in the private sector.

She won’t be between jobs for long, That “opportunity in the private sector” is with Jacksonville, Fla., headquartered Patriot Rail Company, a portfolio company of Igneo Infrastructure Partners that owns and operates over 30 short line freight railroads across the U.S....

https://www.marinelog.com/inland-coastal/ports-terminals/brandy-d-christian-named-next-ceo-of-patriot-rail/

Rail Roundup: Patriot makes Louisiana purchase; BNSF joins Midwest hydrogen project

Patriot Rail completes acquisition of Louisiana short line

Jacksonville, Florida-based Patriot Rail has completed its acquisition of Delta Southern Railroad (DSRR), which operates two line segments in Louisiana.

DSRR operates over 40 miles of track between two lines and it serves two port facilities on the Mississippi River, Lake Providence Port and Madison Parish Port. The short-line operator first announced plans to acquire DSRR in September.

DSRR interchanges with Kansas City Southern and Union...

https://www.freightwaves.com/news/rail-roundup-patriot-makes-louisiana-purchase-bnsf-joins-midwest-hydrogen-project

Rail Roundup: Breaking ground and breaking records

CREATE breaks ground on 2 congestion-reducing projects in Chicago

The Chicago Region Environmental and Transportation Efficiency (CREATE) Program broke ground Tuesday on two projects aimed at improving network flows for freight and passenger trains in Chicago.

The Forest Hill Flyover project involves the construction of a bridge that the CREATE Program says will reduce conflicts between freight rail carriers Chicago Belt Railways, CSX (NASDAQ: CSX) and Norfolk Southern (NYSE: NSC) and passenger...

https://www.freightwaves.com/news/rail-roundup-breaking-ground-and-breaking-records

Patriot Rail adds track along Mississippi River in latest deal

A Delta Southern Railroad train on tracks

Short-line operator Patriot Rail Company announced it has entered into an agreement to acquire Delta Southern Railroad (DSRR).

DSRR runs more than 40 miles of track, serving two port facilities in Louisiana — Lake Providence Port and Madison Parish Port ­— which are located along the Mississippi River. The company’s two short-line segments interchange with Class I railroads Kansas City Southern and Union Pacific (NYSE: UNP). The tracks primarily serve chemical manufacturers and shippers in the...

https://www.freightwaves.com/news/patriot-rail-adds-track-along-mississippi-river-in-latest-deal

Patriot Rail to acquire fellow short-line railroad Pioneer Lines

Jacksonville, Florida-based short line operator Patriot Rail has signed an agreement to acquire Denver-based Pioneer Lines from parent company BRX Transportation Holdings. 

Pioneer Lines operates 15 short-line railroads across 12 states, while Patriot Rail operates 16 short-line railroads in over 15 states. Patriot Rail says the acquisition would offer rail users enhanced service options across more locations in the U.S. New markets would be located in Alabama, Arkansas, Georgia, Illinois,...

https://www.freightwaves.com/news/patriot-rail-to-acquire-fellow-short-line-railroad-pioneer-lines

Patriot Rail to establish rail district in central California

Patriot Rail CEO John E. Fenton is hoping the creation of a new rail district in central California will be a boon not only for his company but also for agricultural producers in the region. 

Patriot Rail is part of a public-private partnership with local leaders to develop a rail district for central California. Patriot Rail will lease approximately 6,500 feet of track and related property to Merced County, and the company will invest $1.2 million to increase rail capacity there at the Castle...

https://www.freightwaves.com/news/patriot-rail-to-establish-rail-district-in-central-california

Rail Roundup: Enstructure acquires Patriot Ports; TNW, OneRail Coalition make executive moves

A photograph of a rail yard.Enstructure to acquire Patriot Ports

Wellesley, Massachusetts-based terminal and logistics company Enstructure plans to acquire Patriot Port Holdings, a sister company of short line operator Patriot Rail, as a way to expand its presence along the East Coast and at inland river terminals.

The two have entered into a definitive agreement in which Enstructure will purchase the ports division of Patriot Rail & Ports for an undisclosed amount. Closing will occur in early July. Patriot Ports, which...

https://www.freightwaves.com/news/rail-roundup-enstructure-acquires-patriot-ports-tnw-onerail-coalition-make-executive-moves

+ More