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Rail News Home M&A

1/3/2008



Rail News: M&A

Patriot Rail acquires Utah Central Railway



Patriot Rail Corp.'s portfolio now includes three short lines. Today, the holding company announced it purchased the Utah Central Railway (UCRY), which operates 34 miles of owned and leased lines in and around Ogden, Utah.

Established in 1995 after leasing track from Union Pacific Railroad, UCRY interchanges with UP and BNSF Railway Co.

"With the demand for quality rail service in the north-central Utah region growing, combined with access to two Class I partners, UCRY will be able to capitalize on a number of new business opportunities that were not available previously," said Patriot Rail Chairman, President and Chief Executive Officer Gary Marino in a prepared statement.

Patriot Rail owns and operates the Tennessee Southern Railroad and Butte, Anaconda & Pacific Railway.


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