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.

21 Jun 2021
Investment fund SoftBank has plowed $240 million into Flexport’s European rival Forto as it expands its bet on progress for the digital forwarding model.
21 Jun 2021
Teamsters at Yellow’s western regional carrier Reddaway agreed to drop their standalone contract and join Yellow’s national master agreement, a step that makes integration of Yellow’s brands easier.
21 Jun 2021
The disruption in ocean shipping is making carriers miss their North Europe berthing windows, creating handling difficulties at terminals and resulting in shipping lines omitting key ports.
21 Jun 2021
Norfolk Southern Railway told customers that a chassis safety recall involves more than 5,000 domestic 53-foot chassis that have problems with their wheels.
18 Jun 2021
Chassis providers are struggling to provide equipment for ocean containers in the US Midwest and Pacific Northwest as shippers hold onto chassis excessively even more frequently than earlier this year, according to importers and TRAC Intermodal.
18 Jun 2021
Just like the container segment, the MPV sector has been short on capacity in the last several months, but unlike on the container side, no major vessel reinvestment program has begun on the MPV side.
18 Jun 2021
US imports from Asia grew faster at West Coast ports than at East and Gulf coast ports in January through May as carriers launched a half-dozen new trans-Pacific services to handle the continuing boom in imports from Asia.
18 Jun 2021
The six busiest North American ports eked out gains in import market share during 2020 thanks to the surge in inbound container volumes at the biggest gateways.
18 Jun 2021
Shipping took another small step on its long and complex path towards decarbonization at the annual meeting of the International Maritime Organization Marine Environment Protection Committee meeting, but key issues around a carbon tax and zero-carbon fuel research fund remain unresolved.
17 Jun 2021
The e-commerce boom means more vehicles moving more goods, and potentially emitting more pollutants, but DHL also sees opportunities to advance sustainability goals on land, sea, and in the air as e-commerce expands.
17 Jun 2021
The Biden administration’s embrace of offshore wind energy generation in the United States means development on an opening round of offshore wind projects on the eastern seaboard will soon be getting underway.
17 Jun 2021
Port Container Yard has reopened a 55-acre container yard in Newark that was previously dedicated to empty containers to store import boxes vacated from congested Port of New York and New Jersey terminals.
17 Jun 2021
Global container supply chains have struggled under months of heavy demand and disruption with no slack left in the system to cope with severe port congestion at a major Chinese export center.
17 Jun 2021
Record-high container freight rates are underscoring the need for shippers to be able to benchmark against peers, a factor in Oslo-based technology provider Xeneta nabbing a new round of venture capital Thursday.
17 Jun 2021
Expansion into China is another piece of progress for TradeLens, the visibility and shipment data platform co-developed by Maersk and IBM.
16 Jun 2021
South China port delays are expected to last for months, pushing shippers into the air in greater numbers for an early peak season where they will be met by tight space and soaring rate levels.
16 Jun 2021
FedEx Freight’s “targeted volume controls” on select shippers amplify industry-wide less-than-truckload capacity constraints that are reshaping the LTL business and sending rates soaring.
16 Jun 2021
Retailers and logistics providers are utilizing technology offerings from such providers as Bringg to expand and manage last-mile delivery options.
16 Jun 2021
Vancouver-based Freightera, an online trucking marketplace, has found that more environmentally friendly motor carriers are often lower in cost as well.
15 Jun 2021
An expected increase in resin exports out of Houston and other Gulf Coast gateways appears to be taking longer than expected as resin producers seek to supply domestic customers first.
15 Jun 2021
Two members of US Congress want to give the FMC more power to enforce legal cases against ocean carriers that refuse to take export containers in a bid to help US ag shippers.
15 Jun 2021
In what is usually the slowest period of the year, US imports from Asia in the first five months of the year hit a new high-water mark, signaling to ports that the congestion issues they have faced may get worse as the peak season approaches.
15 Jun 2021
Container lines and forwarders say Yantian International Container Terminals is regaining terminal capacity amid a COVID-19 outbreak and is allowing more trucks to drop off exports.
15 Jun 2021
Norfolk Southern Railway and Union Pacific Railroad are having trouble getting containers to shippers, in part because their supply of 53-foot chassis is very low.
15 Jun 2021
Carriers posted an unprecedented level of profitability in the first quarter, as container shipping companies capitalized on a market in which the supply-demand balance is firmly in their favor.
15 Jun 2021
The latest shipping line to be hit by a cyberattack, HMM said the incursion has crippled its email systems but has not affected its booking documentation functions and has not resulted in any data breaches.
14 Jun 2021
The planned merger of GlobalTranz and Worldwide Express is being driven by extreme US freight market conditions that will push shippers toward third-party logistics providers.
14 Jun 2021
A House subcommittee on Tuesday will be the first to address the impact of an unprecedented surge of Asia imports that began in the spring and container lines and ports don’t expect to let up until early 2022 at the soonest.
14 Jun 2021
A House subcommittee on Tuesday will be the first to address the impact of an unprecedented surge of Asia imports that began in the spring and container lines and ports don’t expect to let up until early 2022 at the soonest.
14 Jun 2021
Current conditions in the trans-Pacific trade, with strong demand and severe capacity shortages leading to hyper-charged freight rates, are temporary, but the question is: how temporary?
14 Jun 2021
Heightened cargo demand and congestion issues at transshipment hub Colombo, Sri Lanka, are spurring new containerized rail services to India’s interior.
14 Jun 2021
Trans-Pacific carriers are expected to follow their June 1 general rate increase with another on June 15 as huge demand for space and increasing costs for equipment and trucking at Asian load ports continue unfettered.
14 Jun 2021
A partnership between forwarder Shifl and visibility provider Terminal49 is representative of a market where forwarders need to help shippers overcome a deficiency of container status information.
13 Jun 2021
Container lines are levying congestion surcharges for shipments through Yantian International Containers Terminals as the Shenzen complex slowly improves performance amid a COVID-19 outbreak.
13 Jun 2021
Peter Friedmann, executive director of the Agriculture Transportation Coalition, outlines proposals to Congress to address what his members’ consider unfair detention and demurrage, and how to ensure container lines honor their common carriage responsibilities.
11 Jun 2021
The planned merger of GlobalTranz and Worldwide Express, creating the fourth-largest freight brokerage in North America, allows the third-party logistics providers to pool parcel, less-than-truckload, and truckload capabilities in tight surface capacity market.