18.08.2022
Artikel Nummer: 41693
15 times larger in one fell swoop
Patriot Rail has entered into an agreement to acquire Denver-based Pioneer Lines, a railroad holding company that operates 15 short line railroads across 12 US states, from BRX Transportation Holdings.
The acquisition, subject to regulatory authorisation, will support Patriot Rail's growth strategy, increasing the Jacksonville (FL)-based company's short line operations to 31 railroads from 16, and enhance its service options throughout the United States, Patriot Rail said.
Pioneer Lines, founded in 1986, supports over 17,000 jobs in USA and transports diverse commodities, including agricultural and food products, iron and steel, plastics, chemicals, building materials and forest products. (ben)