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Rail News: Short Lines & Regionals
Patriot Rail, Diversified Port Holdings combine businesses
Patriot Rail Co. LLC and sister company Diversified Port Holdings LLC (DPH) have combined to create an expanded business portfolio, the companies announced late last week.
Through its principal subsidiaries Seaonus and Portus, DPH operates a maritime port logistics business in the U.S. Gulf and Atlantic coasts. Both Patriot Rail and DPH are based in Jacksonville, Florida.
Customers are increasingly seeking bundled port and rail solutions, said Patriot Rail Chief Executive Officer John Fenton.
"In the past DPH and Patriot have partnered in providing these solutions to our customers," Fenton said. "The combining of the businesses will enable us to further enhance service delivery for our customers while increasing our cost competitiveness."
The Seaonus and Portus companies operate eight bulk and heavy lift terminals and two container terminals with locations in Jacksonville, Cape Canaveral and Fort Lauderdale, Florida; New Orleans; Mobile, Alabama; Savannah, Georgia; Charleston, South Carolina; and Sunny Point, North Carolina.
"The combination of DPH with the Patriot portfolio provides an exceptional opportunity for us to provide a coordinated and seamless suite of customized transportation and logistics solutions to rail and port customers," said Fenton.
Patriot Rail and DPH are owned by investment firm SteelRiver Infrastructure Partners.
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