Genesee & Wyoming

2 agencies cut short-line operator G&W’s rating, cite debt-funded dividend

The detailed finances of short-line rail operator Genesee & Wyoming (G&W) haven’t been available since it was bought by an infrastructure-focused investment firm in 2019. 

But G&W has publicly traded debt, and that means rating agencies issue reports on certain aspects of its finances. And last week, in a report that is almost two reports in one, S&P Global Ratings (NYSE: SPGI) reduced its rating on G&W debt even as it gave a strong outlook on the company’s North American short-line business.

Moo...

https://www.freightwaves.com/news/2-agencies-cut-short-line-operator-gws-rating-cite-debt-funded-dividend

US, Mexican partnership to expand international rail car-ferry service

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Short line rail operator Genesee & Wyoming (G&W) announced Tuesday that Grupo Mexico Transportes...

https://www.freightwaves.com/news/us-mexican-partnership-to-expand-international-rail-car-ferry-service

Genesee & Wyoming touts subsidiary’s new contracts

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Jacksonville, Florida-headquartered Rail Link, a rail car switching subsidiary of short-line...

https://www.freightwaves.com/news/genesee-wyoming-touts-subsidiarys-new-contracts

G&W short lines want to test autonomous rail vehicle technology

Two Georgia subsidiaries of short line operator Genesee & Wyoming (G&W) are seeking permission from the Federal Railroad Administration to test zero-emissions, autonomous rail vehicle technology developed by Parallel Systems.

The two subsidiaries, Georgia Central Railway (GC) and Heart of Georgia Railroad (HOG), filed a petition with FRA on Thursday. GC spans 211 miles between the Port of Savannah and Macon, Georgia, and it interchanges with eastern U.S. Class I railroads CSX (NASDAQ: CSX) and...

https://www.freightwaves.com/news/gw-short-lines-want-to-test-autonomous-rail-vehicle-technology

FreightWaves Classics/Infrastructure: New railroad sidings opened in South Dakota

An RCPE diesel locomotive. (Photo: thedieselshop.us)

South Dakota became the 40th state to join the Union in 1889. It ranks 16th in size among the 50 states, encompassing 77,123 square miles. It averages 10 people per square mile, and its total population is only about 900,000 people. (By comparison, the population density in Georgia is 149 people per square mile and 253 per square mile in California.)

Harvest time in South Dakota. (Photo: travelsouthdakota.comHarvest time in South Dakota. (Photo: travelsouthdakota.com

South Dakota has a strong agricultural base, which remains the largest industry in the...

https://www.freightwaves.com/news/freightwaves-classicsinfrastructure-new-railroad-sidings-opened-in-south-dakota

G&W subsidiary to service Hyundai’s $5.5B EV and battery facility

A train on a rail track with intermodal containers in the background.

Georgia Central Railway will service Hyundai Motor Group’s new $5.5 billion electric vehicle and battery manufacturing facility near Savannah, Georgia, its parent company Genesee & Wyoming announced Monday. 

The short line will transport inbound materials to support production, as well as outbound finished vehicles to markets across the U.S. Commercial production is expected to start in the first half of 2025. Georgia Central has access to the North American rail network via CSX (NASDAQ: CSX)...

https://www.freightwaves.com/news/gw-subsidiary-to-service-hyundais-55b-ev-and-battery-facility

Genesee & Wyoming, BNSF say customers spent billions to be near rail

Genesee & Wyoming: $1.5 billion in investments across multiple commodities

Customers of short line operator Genesee & Wyoming invested $1.5 billion last year in 69 projects that will utilize proximity to G&W’s network.

Investments presented all major commodity groups, with chemicals and plastics, minerals and stone, and agricultural products leading the investments. 

“Based on last year’s customer investments, G&W’s freight transportation services continue to be critical to companies’ logistics...

https://www.freightwaves.com/news/genesee-wyoming-bnsf-say-customers-spent-billions-to-be-near-rail

South Dakota short line among winners of RAISE grants

A photograph of a freight train at a rail crossing.

The Rapid City, Pierre & Eastern Railroad (RCP&E), a Genesee & Wyoming short line in Rapid City, South Dakota, is involved in a project that has just received a $22 million federal grant.

The South Dakota freight capacity expansion project will upgrade 163 miles of the RCP&E main line between Fort Pierre and Rapid City in order to improve freight flows between western South Dakota and Wyoming. The project received the $22 million from the U.S. Department of Transportation’s Rebuilding American...

https://www.freightwaves.com/news/south-dakota-short-line-among-winners-of-raise-grants

Wabtec, G&W and Carnegie Mellon partner to advance battery-electric locomotives

Wabtec has signed memorandums of understanding with Carnegie Mellon University and privately held short line operator Genesee & Wyoming to advance the technology of battery-electric locomotives. 

The partnerships will serve as the groundwork for all three parties to create a Freight Rail Innovation Institute, which will aim to develop zero-emission locomotives as well as technology to increase freight rail utilization and improve safety. The parties hope the endeavor will result in the creation...

https://www.freightwaves.com/news/wabtec-gw-and-carnegie-mellon-partner-to-advance-battery-electric-locomotives

Stakeholders detail worries, support on CSX plan to acquire Pan Am Railways

Ensuring competitive access and fortifying passenger rail service are two of the goals that stakeholders want the Surface Transportation Board to achieve as it mulls CSX’s proposed acquisition of New England short line Pan Am Railways.

Opponents and skeptics about the acquisition want STB to make CSX (NASDAQ: CSX) fulfill a number of conditions as part of its approval — if the board approves the application at all — according to their recent filings.

Canadian Pacific is seeking to preserve the...

https://www.freightwaves.com/news/stakeholders-detail-worries-support-on-csx-plan-to-acquire-pan-am-railways

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