Patriot Rail and Ports, an operator of short lines in the United States, was acquired by First State Investments, an Australia-based firm that has invested in infrastructure in Australia, Europe, New Zealand and the United Kingdom, Railway Age reported Aug. 27.
Terms of the acquisition were not disclosed.
Patriot Rail and Ports operates a portfolio of 12 short-line freight railroads with more than 585 track miles across 14 states in the U.S. Patriot owns a number of properties represented by SMART Transportation Division.
Read the full article here.
Related News
- Make Plans to Attend a Regional Training Seminar Today!
- Tenacity Yields Strong Contract for Local 1909 School Bus Drivers
- Natick Station Reopens in Massachusetts
- Is Your Family Paying the Price for Your Job?
- Transit Funding Crisis Deepens
- Submit Your Local Pride T-Shirt Design Ideas by August 20!
- UPDATE: Hotel Reservation Deadline Extended for Anaheim Regional Training Seminar
- New SMART Union Mobile App Update Available
- Support SMART-TD Brother Who Lost His Leg in Denver Derailment
- Alaska Conductor Loses Second Child, Chairperson Asks for Our Support