All Genesee & Wyoming articles – Page 2

News

G&W to buy Arkansas lines

2014-11-21T07:00:00Z

USA: An agreement for Genesee & Wyoming Inc to acquire Pinsly Railroad Co’s Arkansas Division was announced on November 19. Subject to regulatory approval the transaction is expected to close in early January, with G&W paying $40m in cash adjusted for final working capital. G&W estimates that Pinsly Arkansas will ...

News

Canadian Pacific to sell part of Dakota, Minnesota & Eastern network to GWI

2014-01-03T13:08:00Z

USA: An agreement for Canadian Pacific to sell the west end of its Dakota, Minnesota & Eastern line to short line group Genesee & Wyoming Inc was announced on January 2. Subject to Surface Transportation Board approval the sale is expected to close by mid-2014. The lines would be operated ...

News

Genesee & Wyoming agrees to buy RailAmerica

2012-07-23T15:04:00Z

USA: Genesee & Wyoming Inc announced on July 23 that it had agreed to acquire RailAmerica and ‘combine the two largest short line and regional rail operators in North America’. The deal is still subject to approval by the Surface Transportation Board, which GWI hopes to receive between the ...

News

Genesee & Wyoming Inc to buy Arizona Eastern Railway

2011-08-03T09:03:00Z

USA: On August 2 short line group Genesee & Wyoming Inc announced an agreement to acquire Arizona Eastern Railway from Iowa Pacific Holdings for $90·1m. The deal is expected to be completed in the third quarter of 2011, with AZER to be managed as part of GWI's newly-created Mountain West ...

News

Genesee & Wyoming buys Alice Springs - Darwin operator

2010-06-09T11:51:00Z

AUSTRALIA: US-based short line operator Genesee & Wyoming Inc is to acquire FreightLink, the concessionaire for the 2 240 km Tarcoola - Darwin railway which went into receivership in November 2008. GWI has managed FreightLink's rail services since they began in 2004, and expects to make significant savings by ...

News

Genesee & Wyoming to buy Ohio Central

2008-08-05T08:19:00Z

USA: Genesee & Wyoming Inc announced on August 4 that it had signed an agreement to purchase the Coshocton-based Ohio Central Railroad System, which operates nine short lines in Ohio and Pennsylvania. GWI has agreed to pay US$219m in cash, and a contingent consideration worth approximately $25m. GWI currently owns ...