Patriot, CF strike railcar services agreement
by MBJ Staff
Published: October 31,2011
COLUMBUS — Patriot Rail Corp, a privately-held short line and regional freight railroad holding company, and CF Rail Services, LLC, a wholly owned subsidiary of Sasser Family Holdings Inc., a transportation asset services and investments company, has entered into long-term railcar services agreements at select Patriot-owned railroads.
Under the exclusive agreements, CF Rail leased the railcar and locomotive inspection and repair facilities at Patriot’s DeQueen & Eastern (DQE), Columbia and Cowlitz (CLC) and Golden Triangle (GTRA) railroads. CF Rail will perform railcar and locomotive repairs on system and privately owned railcars and locomotives at these facilities, including railcars and locomotives owned by Patriot. CF Rail has provided quality running repairs and program work for railroads, private car owners and shippers across North America since 1928. CF Rail also owns and leases over 15,000 railcars and locomotives worldwide through its sister companies Chicago Freight Car Leasing Co. and Chicago Freight Car Leasing Australia PTY Limited.
The repair facilities include: locomotive, railcar and locomotive wheel shops in DeQueen, Ark., and a railcar shop in Valliant, Okla., all on the DQE; locomotive and railcar shops in Columbus on the GTRA; and, locomotive and railcar shops in Longview, Wash., on the CLC. In addition to leasing the facilities, CF Rail has also hired Patriot’s existing maintenance of equipment workers to perform railcar repairs and services.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- DAVID DALLAS: Mr. McDaniel goes to Washington
- Moon River Foods creating 100 jobs in Mississippi Delta
- Judge to hear from True the Vote as McDaniel attempts to overturn loss to Cochran
- Weyerhaeuser investing $57M to modernize lumber mill
- Google chooses Mad Genius as example of Internet use
- Two BancorpSouth mergers delayed by federal inquiries
- Health officials identify another case of chikungunya virus
- Biloxi council approves $29M contract for baseball stadium construction
- Cochran continues to question EPA over new regulations
- Wasted away — Margaritaville in Biloxi to close by Sept. 19