From the Patriot Rail website (www.patriotrail.com), this news release: PATRIOT RAIL CORP. ACQUIRES THE LOUISIANA & NORTH WEST RAILROAD Marks Company's Fifth Rail Acquisition Boca Raton, FL – Patriot Rail Corp. (“Patriot”), a short line and regional freight railroad holding company, today announced its acquisition of the Louisiana & North West Railroad (“LNW”), a short line freight railroad headquartered in Homer, Louisiana. This transaction marks the fifth railroad acquisition by Patriot since its inception in November 2006. Patriot now operates a total of 321 miles of rail line in seven states. Incorporated in 1889, the LNW operates 68 miles of track from Gibsland, Louisiana, to McNeil, Arkansas. Major commodities shipped by the railroad include chemical products for Albemarle Corporation, wood products for Weyerhaeuser and Partee Flooring, steel products for CMC Steel Arkansas, and plastics for Berry Plastics. The LNW, which interchanges traffic with Union Pacific Railroad at McNeil and with Kansas City Southern Railroad at Gibsland, handles approximately 5,000 carloads of freight annually. The railroad also owns 845 acres of real estate, operates five locomotives and has 27 employees. “The LNW is an excellent fit with Patriot’s strategy of acquiring short line railroads with a solid customer base and considerable growth potential,” said Gary O. Marino, Chairman, President and CEO of Patriot Rail Corp. “This is a very well managed and efficient railroad operation focused on providing customers with reliable and safe rail service. In addition, we anticipate implementing a number of new business initiatives that will significantly grow the business over the next several years.” Patriot Rail Corp. is a short line and regional freight railroad holding company based in Boca Raton, Florida. The Company owns and operates five short line freight railroads comprising 321 total rail miles: the Tennessee Southern Railroad in Tennessee and Alabama; the Butte, Anaconda & Pacific Railway in Montana; the Utah Central Railway in Utah; the Sacramento Valley Railroad in California; and the Louisiana & North West Railroad in Louisiana and Arkansas. For more information on Patriot Rail Corp. contact Wayne August, Director Corporate Development, at (561) 443-5315 or visit us at www.patriotrail.com.
