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.
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.
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.
