Anacostia & Pacific was founded in 1985 as a transportation development and consulting firm. Anacostia Rail Holdings Company was formed in 1997 by the shareholders of Anacostia & Pacific to own and develop short line railroads and related transportation and logistics firms.
In 1989, the Chicago South Shore & South Bend railroad was formed to acquire certain railroad assets from a trustee-in-bankruptcy. The transaction conveyed the responsibility for passenger operations to a regional commuter authority.
In 1994, the Louisville & Indiana Railroad was formed with acquisition of 106 miles of rail line from Conrail.
The New York & Atlantic Railway was formed in 1997 as a result of the privatized concession to operate freight trains on lines owned by Long Island Rail Road.
In 1998, Pacific Harbor Line was formed to provide rail transportation, maintenance and dispatching services to the Ports of Long Beach and Los Angeles, which together form the largest container port in the United States.
Northern Lines Railway was formed in 2005 to operate over BNSF trackage in central Minnesota.
In 2008, Gulf Coast Switching, LLC was created to provide contract rail switching services at Robinson Yard in Dayton (near Houston), TX.
In 2019, Anacostia and Brown Brothers Harriman Capital Partners announced the formation of Precision Terminal Logistics (PTL), a jointly owned entity that operates, builds, and acquires transloading terminals across the U.S. In conjunction with its formation, PTL acquired select assets from Arrow Material Services, LLC, a provider of transloading and related services. Transloading allows customers without direct rail access to profit from the logistical and environmental benefits of the North American railroad network.
In 2021, Precision Terminal Logistics (PTL) acquired The Kearney Companies, Inc. (KCO) of New Orleans, LA. and Kearney Page Warehouse Services (KPWS) operating in Savannah, GA. This acquisition included more than 500,000 square feet of rail-served warehouse capacity and 60 acres of yard capacity in the Port of New Orleans gateway, as well as a 400,000 square foot warehouse in Garden City, Ga. near the Georgia Port Authority. KCO’s services include commodity warehousing, barge and rail transloading, coupled with full-service ocean container drayage operations and inland freight management services. KCO handles agriculture and manufactured products including corn meal, rice, paper, chemicals, lumber, steel and non-ferrous metals products.