September 5 - Patriot Rail Company, a leading operator of short line and regional freight railroads and rail related services, is merging with Diversified Port Holdings (DPH) to create an expanded portfolio of businesses.
Both businesses are part of the Steelriver Infrastructure Partners Group.
DPH, through its principal subsidiaries Seaonus and Portus, operates an integrated maritime port logistics business operating eight breakbulk, bulk and heavy lift terminals and two container, ro-ro and lo-lo terminals located along the US Gulf and Atlantic coasts with locations in Jacksonville, Cape Canaveral, Fort Lauderdale, New Orleans, Mobile, Savannah, Charleston and Sunny Point.
John Fenton, the current ceo of Patriot Rail, becomes the ceo of the merged company.
He says: "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 while increasing our cost competitiveness.
"The combination of DPH with the Patriot portfolio provides an opportunity for us to provide a coordinated and seamless suite of customised transportation and logistics solutions to rail and port customers. DPH, Portus, and Seaonus will retain their brand names."