Financial thoughts

Weyerhaeuser Co. said it’s selling six of its railroads that operate over about 160 miles of track, to Patriot Rail Corp.

The Federal Way timber giant (NYSE: WY) said it’s selling the six railroads, including two in Southwest Washington, to Boca Raton, Fla.-based Patriot for an undisclosed sum.

The six railroads handle about 60,000 carloads of freight annually, Weyerhaeuser said, and they employ about 120 people total.

The railroads in the sale include:

— The DeQueen and Eastern Railroad Company consists of two railroads — the DeQueen and Eastern and the Texas, Oklahoma & Eastern railroads — that operate over a total of 87 route miles in southeast Oklahoma and southwest Arkansas;

— The Columbia & Cowlitz Railway operates over 8 payday loan.5 route miles in Southwest Washington;

— The Weyerhaeuser Woods Railroad operates over 30 route miles in Southwest Washington.

— The Golden Triangle Railroad operates over 13.3 route miles in central Mississippi; and

— The Mississippi & Skuna Valley Railroad owns 21 route miles in Mississippi.

Patriot said that the railroads primarily source Weyerhaeuser and International Paper mills, move finished products and serve some third-party customers.

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