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Patriot completes purchase of rail lines

ACROSS MISSISSIPPI — Patriot Rail Corp., a privately-held short line and regional freight railroad holding company based in Boca Raton, Fla., has completed the acquisition of the six short line railroads belonging to Weyerhaeuser Company.

Terms were not disclosed.

This acquisition, the largest for Patriot to date, brings to 13 the number of short line railroads currently owned by Patriot Rail.

The six Weyerhaeuser railroads operate over approximately 160 miles of track in four states, employ 88 people and handle approximately 60,000 carloads of freight annually. The railroads primarily serve Weyerhaeuser and International Paper mills and a number of third-party customers.

The acquisition includes the Golden Triangle Railroad (GTRA), which operates over 9.5 route miles in central Mississippi, and the Mississippi & Skuna Valley Railroad (MSV), which owns 22 route miles in Mississippi.

In addition to the rail lines and other track assets, the acquisition also includes 28 locomotives, over 300 railcars, 2,500 leased railcars, 50 motor vehicles, right-of-way real estate, general office buildings, maintenance of way equipment, locomotive shops, rail car repair shops, a wheel shop, rail yards and office and shop equipment.


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