Genesee and Wyoming

G&W shuttering Huron Central

Genesee & Wyoming Canada (GWC) will cease operating Northern Ontario’s Huron Central Railway (HCRY) in early 2020 after failing to secure sufficient capital investment from the Ontario provincial and Canadian federal governments to keep the 172-mile line in northern Ontario open.

LIRC, RCPE accept Railway Age awards

The Louisville & Indiana Railroad (LIRC) and the Rapid City Pierre & Eastern accepted Railway Age’s annual Short Line & Regional Railroads of the Year Awards at the American Short Line and Regional Railroad Association (ASLRRA) CONNECTIONS Convention in Orlando, Fla., on April 9.

G&W “heading in the right direction”: Cowen analysis

Genesee & Wyoming’s second-quarter 2018 adjusted EPS (earnings per share) of $0.94 “was at the high end of guidance and just ahead of our and consensus expectations,” according to Cowen and Co. Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl. “The company enjoyed freight demand improvement in all geographies, something that should begin to translate into operating leverage in the second half. Full-year guidance was largely in line with that provided last quarter. We’re raising our estimates and target and maintaining our Outperform rating.”