Preparedness Pays Off
RAILWAY AGE, AUGUST 2021 ISSUE: For railroads, keeping ahead of the next “polar vortex” means boosting communications and partnering with shippers, other carriers and suppliers, early.
Genesee and Wyoming
For ‘CPKC’ Proposal, Widespread Support (Updated)
Canadian Pacific (CP) and Kansas City Southern (KCS) have announced that more than 405 customers and stakeholders are backing their planned combination, “CPKC.”
Monitoring North America’s Rail Pulse
Norfolk Southern, Genesee & Wyoming, Watco Companies, GATX Corp. and TrinityRail are developing a telematics platform for railcars to provide real-time car location and condition/health monitoring data. Called “Rail Pulse,” it will help shippers, car owners/lessors and railroads better manage consists, incidents and maintenance. Rollout is expected by year-end 2022.
SRF Selected for Wilmington Rail Realignment
The City of Wilmington, N.C., has selected Philadelphia-based Strategic Rail Finance to study the feasibility of its long-planned rail realignment project.
G&W to Implement PST Solutions
PS Technology (PST) announced that Genesee & Wyoming Inc. (G&W) will implement CrewPro Short Line™, a cloud-hosted, subscription-based railroad crew management and Hours-of-Service (HOS) system, and QualPro™, a qualification and training management solution, across its U.S. freight railroads.
G&W Completes $8.4B Sale With “Excellent Outcome”
Genesee & Wyoming (G&W) recently announced the completion of its $8.4 billion sale to affiliates of Brookfield Infrastructure and GIC.
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.
Brookfield, partners to acquire G&W for $8.4B
Brookfield Infrastructure Partners LP and Genesee & Wyoming, Inc. (G&W) have come to terms on an agreement for the latter to be acquired via an $8.4 billion transaction—including outstanding debt.
G&W absorbs 1Q2019 losses
Genesee & Wyoming (G&W) recently reported its 2019 first-quarter results, which show year-over-year declines in operating revenues, operating income and diluted EPS.
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.