All Genesee & Wyoming articles
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NewsGenesee & Wyoming buys 69 locos for six railways
USA: Wabtec Corp has announced the largest order to date under its certified pre-owned locomotives programme, with 69 locos to be delivered by December. The order announced on June 27 covers the supply of 35 Dash 9 and 34 Dash 8 locomotives to six Genesee & ...
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NewsGenesee & Wyoming appoints Tim Shoveller as UK/Europe CEO
EUROPE: Genesee & Wyoming Inc has appointed Tim Shoveller as CEO of its UK/Europe operations.
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NewsGenesee & Wyoming acquisition completed
INTERNATIONAL: The US$8·4bn acquisition of freight railway group Genesee & Wyoming by affiliates of New York and Toronto listed global investor Brookfield Infrastructure and Singapore’s foreign reserves investor GIC has been completed. The US$112 per share deal had been announced in July. ‘This transaction is an excellent ...
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Organisations
Cape Breton & Central Nova Scotia Railway
This subsidiary of Genesee & Wyoming linking Truro and Sydney, Nova Scotia, carries mainly limestone, timber, grain and scrap metal. Address 121 King StreetStellarton, NS B0K 1S0CanadaPhone +1 902 752 3357Fax +1 902 752 6665 Email cbns-cs@gwrr.com Website www.gwrr.com Gauge: 1435 mm Length: 394 km Rolling ...
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NewsEyre grain lines are not closed, insists GWA
AUSTRALIA: Unequal treatment of road and rail was a major factor behind the decision to suspend services on the 1 067 mm gauge network in South Australia’s Eyre Peninsula, according to operator Genesee & Wyoming Australia. The 700 km network was mothballed at the end of May after GWA’s only ...
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Rail Business UKGenesee & Wyoming to be acquired in US$8·4bn deal
INTERNATIONAL: A consortium of Brookfield Infrastructure, GIC and Brookfield’s institutional partners has agreed to acquire short line group Genesee & Wyoming Inc in a US$8·4bn transaction. The consortium would pay US$112 per share in cash, with G&W becoming a privately held company. ‘We believe this transaction is an excellent ...
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NewsGenesee & Wyoming leases two short lines
USA: Genesee & Wyoming Inc subsidiaries Toledo, Peoria & Western Railway Corp and Central Railroad Co of Indianapolis commenced operations on the Winamac Southern Railway and the Kokomo Railroad in Indiana under long-term lease agreements on March 22. Terms were not disclosed. The two lines totalling 90 km are being ...
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NewsFreightliner to deploy RailSmart software suite
EUROPE: Freightliner has signed a five-year deal to use 3Squared’s RailSmart software suite, including exclusive collaboration for future developments. The Genesee & Wyoming subsidiary will initially roll out RailSmart in the UK, starting this year with the RailSmart EDS competency management module and RailSmart ORS rostering system. Subsequent modules ...
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NewsG&W invests in last mile technology business
USA: International rail freight group Genesee & Wyoming Inc has invested in Cargomatic, a technology platform which connects freight shippers and road hauliers with a focus on short-haul markets. Terms were not disclosed. Cargomatic currently operates in Los Angeles, San Francisco, Chicago, Seattle, Dallas, Houston and New York, but it ...
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NewsGenesee & Wyoming forms Mexican train ferry joint venture
NORTH AMERICA: Genesee & Wyoming announced on September 5 that it had formed a 50:50 joint venture with SEACOR Holdings to own CG Railway, the operator of a train ferry service between Mobile, Alabama, and Coatzacoalcos in Mexico. Terms of the joint venture were not disclosed. Recently acquired by SEACOR ...
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NewsG&W buys Heart of Georgia Railroad
USA: Genesee & Wyoming has agreed to acquire Atlantic Western Transportation Inc, the parent company of the Heart of Georgia Railroad short line. The deal announced on February 8 is subject to customary closing conditions, including Surface Transportation Board approval, and is expected to be completed in the second quarter ...
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NewsG&W buys terminal operator to complement Freightliner
UK: Genesee & Wyoming Inc has entered into an agreement to purchase UK container terminal and road haulage operator Pentalver Transport Ltd from APM Terminals. The transaction is expected to close in Q1 2017. Pentalver operates off-dock container terminals at the major seaports of Felixstowe, Southampton, London Gateway and Tilbury, ...
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NewsGenesee & Wyoming completes Glencore acquisition
AUSTRALIA: Genesee & Wyoming Inc announced on December 1 that its subsidiary Genesee & Wyoming Australia had completed the acquisition of Glencore Rail for A$1·14bn. GWA had concurrently issued a 49% equity stake to funds managed by Macquarie Infrastructure & Real Assets. The acquisition of GRail, Australia’s third-largest coal haulage ...
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NewsGenesee & Wyoming acquires Providence & Worcester Railroad
USA: International freight railway group Genesee & Wyoming Inc announced on November 1 that it had completed the acquisition of Providence & Worcester Railroad Co for $126m. Following the closing of the transaction, G&W immediately transferred control of P&W to a voting trust with R Lawrence McCaffrey appointed as trustee. ...
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NewsG&W and Macquarie to buy Glencore Rail coal haulage business
AUSTRALIA: Genesee & Wyoming Inc announced on October 20 that it had entered into agreements to acquire mining company Glencore’s Hunter Valley coal haulage business for A$1·14bn. G&W will concurrently issue a 49% equity stake in Genesee & Wyoming Australia to funds managed by Macquarie Infrastructure & Real Assets, saying ...
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NewsGenesee & Wyoming to buy Providence & Worcester Railroad
USA: Genesee & Wyoming Inc entered into a definitive agreement for the acquisition of Providence & Worcester Railroad Co on August 12. Subject to customary closing conditions, Surface Transportation Board regulatory approval and the backing of P&W shareholders, the $126m deal is expected to be concluded in the fourth quarter ...
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NewsGenesee & Wyoming completes Freightliner acquisition
INTERNATIONAL: Genesee & Wyoming Inc announced on March 25 that it had completed the acquisition of 94% of Freightliner Group Ltd for £492m, plus the assumption of £19m of net debt and capitalised leases. Freightliner’s management team has retained a 6% interest which G&W expects to acquire by mid-2020. In ...
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NewsG&W agrees to buy Freightliner Group
INTERNATIONAL: US short line holding group Genesee & Wyoming Inc announced an agreement to buy approximately 95% of the shares of Freightliner Group from Arcapita and other shareholders on February 25. The acquisition is expected to close during the first quarter of 2015. G&W will pay £490m in cash ...
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NewsG&W to buy Arkansas lines
USA: An agreement for Genesee & Wyoming Inc to acquire Pinsly Railroad Co’s Arkansas Division was announced on November 19. Subject to regulatory approval the transaction is expected to close in early January, with G&W paying $40m in cash adjusted for final working capital. G&W estimates that Pinsly Arkansas will ...