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Patriot Rail seeks STB nod for Louisiana and North West Railroad acquisition

Patriot Rail Corp. is seeking Surface Transportation Board (STB) approval to acquire control of the Louisiana and North West Railroad Co. L.L.C. (L&NW).

In April, Patriot Rail reached an agreement to acquire all of L&NW's assets. The transaction is expected to close by month's end, according to a STB filing dated May 16.

Incorporated in 1889, L&NW owns and operates a 62.6-mile line between McNeil, Ark., and Gibsland, La., and leases a 6.5-mile line between McNeil and Magnolia, Ark., from Union Pacific Railroad.

Patriot Rail owns the Tennessee Southern Railroad Co., Rarus Railway Co., Utah Central Railway Co. and Sacramento Valley Railroad Inc.

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More News from 5/29/2008