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
- Update on National Rail Contract –Make Sure You Get Your Ballot
- Two RRB Field Offices Move to New Locations
- Reactions to the SMART-TD Guarantee with Union Pacific
- SMART-TD Members: Scholarships Available for You and Your Families
- President Ferguson Meets with SMART-TD Members at 3rd Annual Carolina Solidarity Shoot
- SMART-TD and Union Pacific Announce Landmark Agreement Securing Jobs and the Future of Railroading
- New Online Job Insurance Claim Form Now Available
- Overtime Relief for Railroaders Introduced in Congress
- Members’ Videos Spotlight Job Insurance Program (DIPP)
- ATTENTION VETERANS: Update Your Status in TD Connect