Patriot Rail Merger adds Port Services

JACKSONVILLE, Fla., Sept. 7, 2017 /PRNewswire/ -- Patriot Rail Company LLC (PRC), a leading operator of short line and regional freight railroads and rail related services, today announced the combination with Diversified Port Holdings LLC (DPH) to create an expanded portfolio of businesses.

PRC owns and operates 12 short line railroads and five rail related service companies with over 600 total rail miles across the United States.  The Patriot service companies provide a wide array of services that include railcar repair, tankcar cleaning, product recovery, load adjusts/transfers, transloading, track construction, track maintenance, switching, track cleaning, logistics, flood response, etc.   

DPH, through its principal subsidiaries Seaonus and Portus, operates an integrated maritime port logistics business within a rapidly growing region of the United States.  The Seaonus/Portus companies operate eight breakbulk, bulk, and heavy lift terminals and two container, Roll-on/Roll-off and Lift–on/Lift-off terminals located along the U.S. Gulf and Atlantic Coast with locations in Jacksonville, Cape Canaveral, and Fort Lauderdale, Florida; New Orleans, Louisiana; Mobile, Alabama; Savannah, Georgia; Charleston, South Carolina; and Sunny Point, North Carolina.  Seaonus and Portus provide stevedoring and terminal services including on and off-port storage facilities to drive increased utilization of the maritime terminal infrastructure.  Logistics services, intermodal connectivity, and use of on and off-port storage facilities combine to maximize cargo throughput.

Patriot CEO John Fenton was recently appointed as CEO of the unified company and said "In our day-to-day service delivery we noted customers increasingly seeking bundled port and rail solutions.  In the past DPH and Patriot have partnered in providing these solutions to our customers.  The combining of the businesses will enable us to further enhance service delivery for our customers and offer more value-add transportation solutions."

Mr. Fenton also added "The combination of DPH with the Patriot portfolio provides an exceptional opportunity for us to provide a coordinated and seamless suite of customized transportation and logistics solutions to rail and port customers.  We are thrilled to add DPH to the Patriot team, and we look forward to the new and improved services options we will present to the marketplace."

Patriot Rail Company and DPH are headquartered in Jacksonville, Florida.  

SOURCE Patriot Rail Company LLC