Genesee & Wyoming Inc., a major owner of short line and regional railroads in North America with significant operations in Australia as well, showed a second continuous month of growth in April 2013.
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.
23 Apr 2013
Genesee & Wyoming Inc., a major owner of short line and regional railroads in North America with significant operations in Australia as well, showed growth in its March 2013 and first quarter numbers.
12 Mar 2013
Genesee & Wyoming has appointed Greg Pauline as managing director of Genesee & Wyoming Australia, its Australian branch.
13 Feb 2013
Genesee & Wyoming reported net income in the fourth quarter of 2012 was $13.4 million, dropping from $33.3 million in the fourth quarter of 2011.
21 Dec 2012
Short-line and regional railroad company Genesee & Wyoming said Thursday that the U.S. Surface Transportation Board has approved its application to control RailAmerica and that company’s railroads, effective Dec. 28, 2012.
05 Nov 2012
Short-line and regional freight railroad company Genesee & Wyoming today reported a net loss of $19.6 million in the third quarter, compared with net income of $32.9 million in the third quarter of 2011.
12 Oct 2012
Freight rail company Genesee & Wyoming reported September traffic of 79,239 carloads, down 5.2 percent year-over-year.
02 Oct 2012
Short-line and regional railroad operator Genesee & Wyoming Inc. announced yesterday that it has completed the acquisition of RailAmerica, Inc.
02 Aug 2012
Genesee & Wyoming profit jumped 17 percent year-over-year to $36.4 million, as higher fuel surcharges and improved operations helped the short-line railroad operator offset a 6.9 percent decline i
25 Jul 2012
RailAmerica, a short-line and regional holding company subject to an acquisition by Genesee & Wyoming, saw its profit jump 28.7 percent on 3.6 percent volume increase.
23 Jul 2012
Genesee & Wyoming is buying RailAmerica in a $1.4 billion deal that would combine the two largest short-line and regional railroad operators in North America.
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