Pinsly Railroad Company (1938–2023)

For other uses, see Pinsly Railroad Company.
Pinsly Railroad Company
IndustryRail transport
Founded1938; 87 years ago (1938)
FounderSamuel M. Pinsly
Headquarters
Westfield, Massachusetts
Subsidiaries
Websitewww.pinsly.com

Pinsly Railroad Company, based in Westfield, Massachusetts, was a short line railroad holding company. It was one of the oldest such companies in the United States, and has owned railroads continuously since its founding in 1938. As of 2022 Pinsly's sole railroad subsidiary is the Pioneer Valley Railroad in Massachusetts.[1] In August 2023, Macquarie Infrastructure Partners reached an agreement with Pinsly to acquire the railroad through its subsidiary Gulf & Atlantic Railways.[2]

History

Born in Cambridge, Massachusetts in 1899, Samuel M. Pinsly received degrees in engineering and law from Northwestern University before briefly serving in the U.S. Army during World War I. Pinsly founded his shortline operating company in 1938 with the purchase of the Hoosac Tunnel and Wilmington Railroad from his father-in-law, fellow shortline operator H.E. Salzberg. While the line was rebuilt and turned a profit, extensive line relocations due to a new dam forced the railroad to be abandoned in 1971.[3] Pinsly went on to acquire a number of lines throughout New England and the Southeast until his death in 1977.[1] He was succeeded by Marjorie "Maggie" Silver, one of the first women to own a railroad company in the United States.[1]

Pinsly sold their 3 Florida shortlines (Florida Central Railroad, Florida Midland Railroad and Florida Northern Railroad) to 3i RR Holdings GP, LLC and subsidiaries (d.b.a. "Regional Rail, LLC") in November 2019.[4] Pinsly's business development manager stated in 2022 that the company sold off its other subsidiaries to focus exclusively on the Pioneer Valley Railroad.[1] Pinsly additionally owns Railroad Distribution Services, a company which handles distribution and transloading.[1]

Historic list of Pinsly railroads

These are the railroads that were once under the common ownership of Pinsly, listed in order of acquisition.

Notes

  1. ^ a b c d e Stabile, Lori (March 7, 2022). "Pioneer Valley Railroad in Westfield Logs Continued Growth in Freight Rail Service: Outlook 2022". MassLive. Retrieved March 19, 2022.
  2. ^ "Macquarie Infrastructure Partners to acquire Massachusetts short line". Trains News Wire. August 29, 2023. Retrieved August 29, 2023.
  3. ^ Hartley 2017, p. 44
  4. ^ a b c d "STB Notice of Exemption 47348 (Docket FD-36365)" (PDF). Surface Transportation Board. November 22, 2019. Retrieved January 19, 2020.
  5. ^ "Genesee & Wyoming Completes Acquisition of Pinsly Arkansas Railroads". Genesee & Wyoming Inc. January 5, 2015. Retrieved November 30, 2017. Genesee & Wyoming Inc. (G&W) (NYSE:GWR) announced today that it has completed the acquisition of Pinsly Railroad Company's Arkansas Division ("Pinsly Arkansas") for approximately $40 million in cash, subject to adjustment for final working capital.

References

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