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.
06 Nov 2012
RailAmerica, acquired by Genesee & Wyoming on Oct. 1, reported profit in the third quarter, ending Sept. 30, was $5.9 million, down 34.3 percent from last year’s third-quarter profit of $9.1 million.
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.
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.
23 May 2012
RailAmerica said it is in preliminary discussions with third parties regarding the potential sale of the short-line and regional railroad holding company.
22 May 2012
The owner of RailAmerica, a short line and regional railroad holding company, is reportedly trying to find a buyer for a 56 percent stake in the company, according to a report.