New debt to pay a big dividend has led the two largest ratings agencies to reduce their rating of short-line rail operator Genesee & Wyoming.
Genesee & Wyoming announced a partnership with Grupo Mexico to expand rail car-ferry service between ports in the U.S. and Mexico.
Genesee & Wyoming subsidiary Rail Link has secured five new contracts since September, the private short-line operator recently announced.
Two Genesee & Wyoming subsidiaries are seeking a permit from the Federal Railroad Administration to conduct a pilot project that would involve deploying Parallel Systems’ autonomous rail vehicle technology on limited portions of their networks in Georgia.
Canadian Pacific Kansas City, CSX and Genesee & Wyoming railroads aim to establish a direct interchange connection near Myrtlewood, Alabama.
Georgia Central Railway will serve Hyundai Motor Group’s $5.5 billion-dollar electric vehicle and battery manufacturing facility near Savannah.
Short line operator G&W and Class I railroad BNSF announce their industrial development results for 2021.
The U.S. Department of Transportation recently awarded grants for a number of projects across the country that involve Class I and short line railroads, including G&W subsidiary Rapid City, Pierre & Eastern Railroad.
The three have signed agreements committing to work together on developing advanced locomotive power technologies.
Stakeholders and observers such as Amtrak, Canadian Pacific and the Vermont Department of Transportation want the Surface Transportation Board to consider placing conditions that would bolster both competitive access and passenger rail service.
A G&W subsidiary has acquired a facility formerly known as the Port of Ivory. The subsidiary will conduct bulk transfer operations at the site for agricultural products and chemicals.
OmniTRAX is working with the River Ridge Development Authority of southern Indiana to develop real estate, while a Genesee & Wyoming subsidiary broadens its rail service agreement to include service to the Mason Mega Rail Terminal at the Port of Savannah.
Short line operator Vermont Rail System and legislators from Vermont and Massachusetts question how CSX and Norfolk Southern would handle joint ownership of Pan Am Southern because it would involve a competing short line railroad
Wabtec, short line operator Genesee & Wyoming and Carnegie Mellon aim to establish public-private institute that would research, demonstrate and commercialize advanced freight rail technology.
CenterPoint acquires Houston-area distribution facility while Genesee & Wyoming reports industrial development results for 2020.
The Rail Pulse members control a potential car fleet universe of about 300,000 units.
A portfolio of acquisitions culminates in a large sale. Genesee and Wyoming announces that the sale of the company has been completed.
Third-quarter revenue fell for the shortline operator.
The upgrades come as company and state officials eye anticipated volume growth at the Port of Savannah.
Genesee and Wyoming sees second-quarter operating income decline amid lower freight revenues from its Australian and European operations and flat year-over-year revenue from its North American operations.
The U.S. Surface Transportation Board (STB) is seeking public comments on Brookfield Asset Management’s proposed acquisition of shortline operator Genesee & Wyoming. Broofield announced plans to acquire GWR earlier this month in a deal valued at $8.4 billion.
In the longer-term, rail industry observers are waiting to see how and whether Genesee & Wyoming will be able to make the capital investments needed to maintain its infrastructure.
GWR acquired in $8.4 billion deal that many investors view as the plan all along.
“The economy feels pretty good right now,” GWR chief executive Jack Hellmann said at an investor conference on May 14.
The state of Georgia plans a $35 million sale of bonds to upgrade its rail network, a move that could help boost volumes for Genesee & Wyoming (NYSE: GWR) and […]
Genesee & Wyoming, Inc. reported adjusted earnings per share of $0.78 for the first quarter of 2019, which were 11 percent better year-over-year, but less than NASDAQ’s consensus estimate of $0.83.
Genesee & Wyoming, Inc. reported adjusted earnings per share of $0.78 for the first quarter of 2019, which were 11.4 percent better year-over-year, but less than the consensus estimate of $0.83.
Genesee & Wyoming, Inc. (NYSE: GWR) beat fourth quarter revenue consensus estimates by $4.89 million. Revenue was expected to decrease by 0.2 percent year-over-year (Y/Y), but it increased 0.7 percent Y/Y from $571.6 million to $575.6 million, according to Seeking Alpha. GWR also beat fourth quarter consensus earnings per share (EPS) estimates of $0.89 by $0.11 to $1.00.
The usual signs of an upturn in the trucking sector aren’t there, according to the Wall Street house, and Morgan wonders if a lot of the demand got pushed forward.
