Patriot Rail to double rail holdings

摘要

Last month, Patriot Rail Corp. announced it agreed in principle to purchase Weyerhaeuser Co.'s six short lines.rnThe acquisition is subject to certain closing conditions - including Patriot Rail's due diligence and regulatory approval - and is expected to close in the fourth quarter.rnThe short lines, which operate a total of 160 miles of track in four states, include the DeQueen and Eastern Railroad Co., which comprises the DeQueen and Eastern and Texas, Oklahoma & Eastern railroads; the Columbia & Cowlitz Railway; Weyerhaeuser Woods Railroad; Golden Triangle Railroad;rnand Mississippi & Skuna Valley Railroad.