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11/18/2010
Rail News: Rail Industry Trends
Redfearn joins Patriot Rail as SVP, rejoins Marino's executive team
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Patriot Rail Corp. recently named Donald Redfearn senior vice president. He will oversee human resources, information technology, real estate and capital spending.
Redfearn previously was president of RailAmerica Inc.; he retired from the short-line holding company in 2007. Redfearn had served RailAmerica in various capacities since its inception in 1986, including executive vice president. Prior to RailAmerica, he held various financial management positions in commercial banking and venture capital firms.
At Patriot Rail, he rejoins Gary Marino, who co-founded RailAmerica and served as the company’s president and/or chief executive officer from 1994 to 2004.
“I have known and worked with Don for over 25 years now, including 18 years while we were at RailAmerica together,” said Marino, Patriot Rail’s president and CEO, in a prepared statement. “Don brings a wealth of industry and financial knowledge to Patriot and will be a great asset as we continue to grow the company.”
Patriot Rail currently owns six short lines operating in eight states. By year’s end, the company expects to double its holdings after acquiring Weyerhaeuser Co.’s six short lines. In addition, Patriot Rail will begin operating a 13-mile state-owned Piedmont & Northern Railway line in North Carolina.
Redfearn previously was president of RailAmerica Inc.; he retired from the short-line holding company in 2007. Redfearn had served RailAmerica in various capacities since its inception in 1986, including executive vice president. Prior to RailAmerica, he held various financial management positions in commercial banking and venture capital firms.
At Patriot Rail, he rejoins Gary Marino, who co-founded RailAmerica and served as the company’s president and/or chief executive officer from 1994 to 2004.
“I have known and worked with Don for over 25 years now, including 18 years while we were at RailAmerica together,” said Marino, Patriot Rail’s president and CEO, in a prepared statement. “Don brings a wealth of industry and financial knowledge to Patriot and will be a great asset as we continue to grow the company.”
Patriot Rail currently owns six short lines operating in eight states. By year’s end, the company expects to double its holdings after acquiring Weyerhaeuser Co.’s six short lines. In addition, Patriot Rail will begin operating a 13-mile state-owned Piedmont & Northern Railway line in North Carolina.
