Genesee & Wyoming

Genesee & Wyoming

Genesee & Wyoming Inc. is a major owner of short line and regional railroads in North America with significant operations in Australia and a presence in Europe as well.

For much of its history, Genesee & Wyoming was a 14-mile railroad serving a single customer in western New York, hauling salt from the mine in Retsof, N.Y., south of Rochester. A holding company, Genesee & Wyoming Industries, was formed in 1977, and the existing railroad company was merged into it. After deregulation of the U.S. railroad industry by the Staggers Act, G&W acquired a number of U.S. lines, including trackage spun off by CSX Transportation in western Pennsylvania and New York and operated by G&W’s Rochester & Southern and Buffalo & Pittsburgh Railroads. The company changed its name to Genesee & Wyoming Inc. and went public in June 1996. Subsequent acquisitions have expanded the company’s reach to Europe and Australia, where in 2009 it acquired the 1,400-mile Tarcoola-Darwin line. In 2012, G&W purchased competitor RailAmerica in 2012, adding significantly to its short line and regional railroad holdings.

Rail switch
06 Feb 2014
Canadian Pacific Railway CEO and Director E. Hunter Harrison told investors last week that he expects rail consolidation among the largest North American railroads within six years, but the scenario he laid out was far bolder than what’s been swirling around the industry for years.
03 Jan 2014
Canadian Pacific Railway will sell the western end of its Dakota, Minnesota and Eastern line to Genesee & Wyoming for $210 million, the latest effort by the former to boost profitability by cutting non-core assets.
Genesee & Wyoming
04 Nov 2013
Genesee & Wyoming reported a net income of $66.2 million in the third quarter of 2013, compared with a net loss of $19.6 million in the same period last year.