Patriot Rail
Patriot Rail is an American holding company in the rail transport sector based in Jacksonville . In addition to the operation of various railway companies, other rail-related services are also offered. In addition, the logistics in some smaller ports are ensured.
history
The company was founded in 2005 by Gary O. Marino (formerly RailAmerica ) in Boca Raton to acquire and operate railway companies.
The first acquisition in 2006 was the Tennessee Southern Railroad from Shortlines Inc. 2007, the second company followed with the Rarus Railway. This was given back its well-known name Butte, Anaconda and Pacific Railway after the acquisition . In 2008, Utah Central and Louisiana and North West were acquired.
In 2008 the Sacramento Valley Railroad and in 2009 the Temple and Central Texas Railway were founded to develop industrial parks in McClellan Park, California and Temple, Texas. In 2008 an attempt was made to take over the Sierra Northern Railroad and Sierra Railroad . This business failed. Patriot Rail had to pay around $ 52.7 million in damages for breaches of contract.
From 2010 to 2015 she operated the Piedmont and Northern Railroad on behalf of the State of North Carolina .
The largest acquisition by Patriot Rail took place at the end of 2010. Six railway companies with around 800 kilometers of routes were taken over from the timber industry group Weyerhaeuser . In addition, other fixed assets required for operation, such as 28 locomotives, 300 own and 2,500 leased freight cars, land, offices and workshops were taken over.
In May 2012 the Kingman Terminal Railroad was founded to operate an industrial park in Kingman (Arizona).
In May 2012, Patriot Rail was also acquired by the infrastructure company SteelRiver Infrastructure Partners. This was accompanied by a change in management in the company. From June 2012 John E. Fenton served as Chief Executive Officer and from December 2012 Dennis D. Marzec served as President. In addition, the company headquarters was moved to Jacksonville. After the takeover, the operation of ports by the companies Seaonus / Portus Patriot Rail was assigned.
In 2015, Georgia Northeastern Railroad was acquired together with SR Transportation Holdings (Steel River subsidiary).
In August 2019, a consortium made up of First State Investments (part of Mitsubishi UFJ Financial Group ) and MidRail ( Gilbert H. Lamphere (formerly Prospect Group : MidSouth , Illinois Central )) acquired the company after Steel River had been buying it since the beginning of the year sought.
Railway companies
| Surname | since owned | comment |
|---|---|---|
| Butte, Anaconda and Pacific Railway (BAP) | 2007 | ex Rarus Railway |
| Columbia and Cowlitz Railway (CLC) | 2010 | from Weyerhaeuser |
| DeQueen and Eastern Railroad (DQE) | 2010 | from Weyerhaeuser |
| Georgia Northeastern Railroad (GNRR) | 2015 | Founded in 1987, leased CSX routes, formerly Wilds Pierce |
| Golden Triangle Railroad (GTRA) | 2010 | from Weyerhaeuser |
| Mississippi and Skuna Valley Railroad (GTRA) | 2010 | by Weyerhaeuser, discontinued in 2011 |
| Kingman Terminal Railroad (KGTR) | 2012 | by BNSF |
| Louisiana and North West Railroad (LNW) | 2008 | |
| Sacramento Valley Railroad (SAV) | 2008 | McClellan Park (California) |
| Temple and Central Texas Railway (TC) | 2009 | Central Pointe Rail Park in Temple, Texas |
| Tennessee Southern Railroad (TSRR) | 2006 | Established in 1989, former Norfolk Southern and CSX routes |
| Utah Central Railway (UCRY) | 2008 | |
| West Belt Railway (WBRW) | 2015 |
Operation of a route leased from the Terminal Railroad Association of St. Louis (TRRA) |
| Piedmont and Northern Railroad | 2010 | Operated on behalf of the State of North Carolina from 2010 to 2015 |
| Patriot Woods Railroad (CLC) | 2010 | von Weyerhaeuser, previously Weyerhaeuser Woods Railroad, ceased operations with the CLC in 2015 |
| Texas, Oklahoma and Eastern Railroad | 2010 | von Weyerhaeuser, operated by DeQueen and Eastern Railroad |
Corporate management
- Chairman
- 2004 to June 18, 2012: Gary O. Marino
- June 2012-October 2019: John E. Fenton
- since October 2019: Gilbert H. Lamphere
- Chief Executive Officer
- 2004 to June 18, 2012: Gary O. Marino
- since June 2012: John E. Fenton
- president
- 2004 to June 18, 2012: Gary O. Marino
- since December 2012: Dennis D. Marzec
Web links
Individual evidence
- ↑ McClellan Park News | PATRIOT RAIL CORP. AND McCLELLAN BUSINESS P. Retrieved September 11, 2019 .
- ^ Rail News - Sierra Railroad wins additional award in Patriot Rail lawsuit. For Railroad Career Professionals. Retrieved September 11, 2019 .
- ↑ Jury awards Davis railroad company $ 39.6 million in damages. In: Davis Enterprise. May 3, 2014, accessed September 11, 2019 .
- ^ Patriot Rail Completes Buy of Weyerhaeuser Short Lines. January 6, 2011, accessed September 11, 2019 .
- ^ Patriot Rail Corp. Selected to Provide Rail Service at Kingman Arizona Industrial Park. May 1, 2012, accessed on September 11, 2019 .
- ↑ Rail News - Steel River to acquire Patriot Rail; Metrolink's Fenton to succeed Marino as CEO. For Railroad Career Professionals. Retrieved September 11, 2019 .
- ^ Angela Reinhardt: Georgia Northeastern Railroad under new ownership. Retrieved September 11, 2019 (UK English).
- ↑ https://www.bloomberg.com/news/articles/2019-02-11/steelriver-infrastructure-is-said-to-pursue-sale-of-patriot-rail
- ↑ https://www.progressiverailroading.com/m_a/news/First-State-Investments-acquires-Patriot-Rail-and-Ports--58419