All Genesee & Wyoming articles – Page 2
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NewsCanadian Pacific to sell part of Dakota, Minnesota & Eastern network to GWI
USA: An agreement for Canadian Pacific to sell the west end of its Dakota, Minnesota & Eastern line to short line group Genesee & Wyoming Inc was announced on January 2. Subject to Surface Transportation Board approval the sale is expected to close by mid-2014. The lines would be operated ...
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NewsGenesee & Wyoming agrees to buy RailAmerica
USA: Genesee & Wyoming Inc announced on July 23 that it had agreed to acquire RailAmerica and ‘combine the two largest short line and regional rail operators in North America’. The deal is still subject to approval by the Surface Transportation Board, which GWI hopes to receive between the ...
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NewsGenesee & Wyoming Inc to buy Arizona Eastern Railway
USA: On August 2 short line group Genesee & Wyoming Inc announced an agreement to acquire Arizona Eastern Railway from Iowa Pacific Holdings for $90·1m. The deal is expected to be completed in the third quarter of 2011, with AZER to be managed as part of GWI's newly-created Mountain West ...
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NewsGenesee & Wyoming buys Alice Springs - Darwin operator
AUSTRALIA: US-based short line operator Genesee & Wyoming Inc is to acquire FreightLink, the concessionaire for the 2 240 km Tarcoola - Darwin railway which went into receivership in November 2008. GWI has managed FreightLink's rail services since they began in 2004, and expects to make significant savings by ...
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News
Genesee & Wyoming to buy Ohio Central
USA: Genesee & Wyoming Inc announced on August 4 that it had signed an agreement to purchase the Coshocton-based Ohio Central Railroad System, which operates nine short lines in Ohio and Pennsylvania. GWI has agreed to pay US$219m in cash, and a contingent consideration worth approximately $25m. GWI currently owns ...
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