SOURCE: Patriot Rail Corporation

November 17, 2010 11:51 ET

Redfearn Joins Patriot Rail as Senior Vice President

BOCA RATON, FL--(Marketwire - November 17, 2010) - Patriot Rail Corp. ("Patriot Rail"), a privately-held short line and regional freight railroad holding company, today announced the addition of Donald D. Redfearn to its management team as Senior Vice President. Redfearn will oversee the human resources, information technology, real estate and capital spending areas of the company.

Redfearn was formerly President of RailAmerica, Inc. (NYSE: RA), one of the world's largest short line and regional railroad holding companies. He was with RailAmerica since its inception in 1986 and served as Executive Vice President and in various senior management positions until 2004, when he was named President. While at RailAmerica Redfearn was instrumental in growing the company from one railroad to the world's largest short line railroad company with over 50 railroads and more than $500 million in revenue. In 2007, he retired from RailAmerica after completing the sale of the company for $1.2 billion. Redfearn also served as a director of RailAmerica from 1986 through 2007.

Gary O. Marino, Chairman, President & CEO of Patriot Rail, said, "It is my pleasure to have Don join Patriot Rail's management team. I have known and worked with Don for over 25 years now, including 18 years while we were at RailAmerica together. Don brings a wealth of industry and financial knowledge to Patriot and will be a great asset as we continue to grow the company."

Prior to RailAmerica, Redfearn held various financial management positions in commercial banking and venture capital firms. He also owns Redfearn Enterprises, LLC, a real estate holding company. Redfearn received his B.A. degree in Business Administration from the University of Miami and graduated from the School of Banking of the South at Louisiana State University. 

Patriot Rail Corp. is a short line and regional freight railroad holding company based in Boca Raton, Florida. The Company owns and operates six short line freight railroads comprising 331 total rail miles in eight states. By year-end 2010 Patriot Rail is expected to double its size as it completes the acquisition of Weyerhaeuser Company's six freight railroads which operate over 160 miles of rail line in four states. In addition, Patriot Rail will also commence rail operations on the state-owned 13-mile Piedmont & Northern Railway ("P&N") in North Carolina before year end. For more information on Patriot Rail Corp. visit us at www.patriotrail.com.

Contact Information

  • Patriot Rail Corp.
    Wayne August
    561 443 5300