Pacific Imperial Railroad on Feb. 1 named Ernest J. Dahlman III its new CEO.
Dahlman founded and served as president of Dahlman Rose & Company, an investment bank serving the transportation and infrastructure areas.
“We are very excited to have Ernie join the team,” said Donald Stoecklein, president, in a written statement. “PIR has a significant opportunity to service the Maquiladoras, also known as Maquila or twin plants area of Mexico. Our goal is to provide the fastest, most cost efficient and safest opportunity for these companies to move freight. Ernie’s background advising companies in our sector and others on strategic matters is a significant addition to our team.”
The western short line has been upgrading its Desert Line in San Diego to make its freight operations fully operational.
The upgrades follow Pacific Imperial’s signing of a 99-year lease in December 2012 with the San Diego and Arizona Eastern Railway Company and the San Diego Metropolitan Transit Development Board to operate the line. The deal provides Pacific Imperial with the sole rights to run rail freight between the border crossing San Ysidro, between the U.S. and Mexico traveling south, and the border crossing at Tecate and Division, between the U.S. and Mexico traveling north.
Since signing the lease, the short line freight railroad has been engaging engineering, financial and strategic partners to work toward upgrading the line.