Short line operator Patriot Rail Company made the announcement concluded an agreement to purchase the Delta Southern Railroad (DSRR).

DSRR runs more than 40 miles, serving two port facilities in Louisiana, the Port of Lake Providence and the Port of Madison Parish, located along the Mississippi River. Two short segments of the company connect with the Kansas City Southern and Union Pacific Class I Railroads (NYSE: UNP). The routes mainly serve chemical manufacturers and shippers in the forest industry.

Financial terms of the deal were not disclosed.

“Adding Delta Southern to Patriot Rail’s expanding network will allow additional competitive options for rail shippers in Louisiana and across the nation,” Patriot Rail CEO John Fenton said in a news release. “This strategic acquisition complements the company’s latest expansion and demonstrates our focus on quality rail franchises to meet customer needs.”

Jacksonville, Florida Patriot Rail announced in August that it was acquisition of Denver-based Pioneer Lines. That deal closed Sept. 14 and doubled the size of Patriot’s portfolio, adding 15 short-haul railroads in 12 states.

After the DSRR deal closes, Patriot Rail will operate 32 short-haul railroads in 23 states. The DSRR is the second railroad in Louisiana for Patriot Rail, which already operates the Louisiana Railroad and the Northwestern Railroad.

In addition to its short line portfolio, Patriot Rail has a rail services segment that provides railcar storage, maintenance and repair, as well as switching, transshipment and engineering services.

“We are pleased to join a respected company like Patriot, which has a long history of growth and significant resources to continue building a world-class rail network,” said DSRR CEO John Ryan. “I’m incredibly proud of the strong foundation that DSRR has built, and as we combine two best-in-class companies, I’m excited to see what we can achieve together.”

The transaction is subject to regulatory approval and subject to closing conditions.

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https://www.freightwaves.com/news/patriot-rail-adds-track-along-mississippi-river-in-latest-deal

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