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Patriot Rail merger adds port services

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Dry Bulk,

Patriot Rail Co. LLC (PRC) has 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 US. 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 US. 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 US 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 utilisation 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, 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 added: "The combination of DPH with the Patriot portfolio provides an exceptional opportunity for us to provide a coordinated and seamless suite of customised 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."

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