29.08.2019

Artikel Nummer: 28585

Changes ahead for the US short-line freight rail sector

Investor First State Investments (FSI) has reached an agreement to acquire 100% of the equity of USA-based Patriot Rail and Ports, which operates a portfolio of twelve short-line freight railroads with more than 940 km of track across 14 US states. Terms were not disclosed.

Patriot's operations include line haul and local rail services in addition to rail-related services such as railcar storage, transloading, railcar cleaning, scrapping, repair and maintenance and contract switching.

The Patriot ports business provides terminal stevedoring, logistics and warehousing services across nine terminals and two cold storage facilities in the southeast of the United States. (ben)

 https://patriotrailandports.com