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Class I railroads outline 2021 projections, February weather impacts

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(BRK), Canadian National Railway Company (NYSE:CNI) - Rail Roundup: Lineage, Patriot Make Acquisitions; CP, CN Set Records


Patriot Rail finalizes acquisition of Utah short line
Short line operator and port logistics provider Patriot Rail has finalized its acquisition of the Salt Lake Garfield & Western Railway (SLGW) short line in Utah.
As part of the deal, Jacksonville, Florida-based Patriot acquires SLGW and two storage and transload service providers, Caballero and Caballero 2.
Patriot itself was acquired by infrastructure investment firm First Sentier Investors in October 2019. 
SLGW runs 26 miles and handles more than 6,000 loaded railcars annually. Located near Salt Lake City, the short line has access to
BNSF (NYSE: BRK) and the Salt Lake International Airport.
The SLGW has been a long-trusted railroad in the Salt Lake City area for more than 125 years. We are proud to carry that legacy forward for our customers, said Patriot CEO John Fenton. This addition to the Patriot portfolio strengthens our ability to continue providing competitive and innovative transportatio ....

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