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(Source: Anacostia Rail Holdings press release, September 19, 2012)

CHICAGO — Anacostia Rail Holdings announced John K. Secor is retiring as president of the Louisville & Indiana Railroad at the end of October 2012. Succeeding Mr. Secor is Michael D. Stolzman, currently president of Pacific Harbor Line. Mr. Otis L. Cliatt, vice president of PHL, will be promoted to president.

Mr. Secor has a 44-year railroad career, serving as president of the Louisville & Indiana Railroad since its formation in 1994. He previously was president of the Otter Tail Valley Railroad and held marketing and operating positions with the Chicago Central & Pacific, Illinois Central and Rock Island railroads. Mr. Secor is past chairman of the Equipment Assets Management Working Committee of the Association of American Railroads and the Indiana Rail Transportation Group.

Mr. Stolzman joined Pacific Harbor Line in 2005 and has been president since May 2010. He is also president of Gulf Coast Switching Company, LLC. His prior railroad career included management positions with Chicago & North Western and Union Pacific railroads as well as CANAC, the former industrial switching arm of Canadian National Railway Co. Before that, he was a career officer in the U.S. Army.

Mr. Stolzman has a B.S. in Zoology from Texas State University and a M.S. in Quantitative Analysis from the U.S. Army Command and General Staff College. He served as director/treasurer for the California Short Line Railroad Association and is a member of the board of directors of the American Short Line and Regional Railroad Association.

Mr. Cliatt joined PHL in 2010 as vice president. His previous railroad experience includes operating department positions at Union Pacific and regional vice president of CANAC. Mr. Cliatt also served as director of safety and training at CMC Railroad. Prior to his railroad career, he served as a non-commissioned officer in the U.S. Army Special Forces Command.

Mr. Cliatt has a B.S. in Business Economics and a minor in Labor Relations from Florida A&M University. He is director/treasurer for the California Short Line Railroad Association and is chairman of the Veterans Recruitment Committee of the ASLRRA.

Anacostia Chairman Peter Gilbertson said, “I am very pleased to provide new opportunities to two of our outstanding executives. I am confident they will continue to excel in their new positions. On behalf of the board of directors, I want to thank John Secor for his many years of leadership of Anacostia properties and for his service to the industry.

Anacostia Rail Holdings is a short line railroad holding company. Its railroads operate in seven states and include the Chicago South Shore & South Bend Railroad, Gulf Coast Switching Company, The Louisville & Indiana Railroad, the New York & Atlantic Railway, Northern Lines Railway, LLC and Pacific Harbor Line, Inc.

The Louisville & Indiana Railroad began operations on March 12, 1994 over 106 route miles of track acquired from Consolidated Rail Corporation. The railroad provides the most direct route between Louisville and Indianapolis and serves Clark Maritime Center on the Ohio River.

Pacific Harbor Line began operations in 1998 and provides rail-switching services for the Ports of Long Beach and Los Angeles. Combined, this is the largest container port complex in the United States and the eighth busiest in the world. PHL serves nine on-dock intermodal terminals and provides dispatching services for about 90 intermodal or unit trains per day.