Genesee & Wyoming

Genesee & Wyoming Issues Latest Environmental, Social and Governance Report

Retrieved on: 
Wednesday, January 17, 2024

Genesee & Wyoming Inc. (G&W) has issued its latest Environmental, Social and Governance (ESG) Report, summarizing the company’s initiatives for full-year 2022.

Key Points: 
  • Genesee & Wyoming Inc. (G&W) has issued its latest Environmental, Social and Governance (ESG) Report, summarizing the company’s initiatives for full-year 2022.
  • This press release features multimedia.
  • “We’re proud of the progress we have made toward fulfilling our ESG goals,” said Michael Miller, CEO for G&W North America.
  • “Creating a more sustainable future for ourselves, our customers and our communities is rooted in several of G&W’s Core Values and, moving forward, will be paramount to achieving our Core Purpose.”

Genesee & Wyoming Welcomes Grupo México Transportes as Proposed New Partner in CG Railway Joint Venture

Retrieved on: 
Tuesday, January 2, 2024

Genesee & Wyoming Inc. (G&W) is pleased to welcome Grupo México Transportes (GMXT) as a new partner in its CG Railway, LLC (CGR) joint venture, pending receipt of regulatory approvals for their purchase of equity interests in CGR.

Key Points: 
  • Genesee & Wyoming Inc. (G&W) is pleased to welcome Grupo México Transportes (GMXT) as a new partner in its CG Railway, LLC (CGR) joint venture, pending receipt of regulatory approvals for their purchase of equity interests in CGR.
  • G&W initially formed a joint venture with SEACOR Holdings Inc. in 2017 to own and operate CGR, which has provided rail-ferry service between the ports of Mobile, Alabama, and Coatzacoalcos, Veracruz, across the Gulf of Mexico since 2001.
  • Last week, GMXT announced its intention to purchase SEACOR’s stake in CGR and become G&W’s new joint venture partner for CGR.
  • To learn more about the operation, visit cgrailway.com .

Genesee & Wyoming’s Rail Link, Inc. Switching Subsidiary Wins Five New Contracts across Multiple Industries and Geographies

Retrieved on: 
Monday, November 27, 2023

Genesee & Wyoming Inc. (G&W) today announced that its railcar switching subsidiary, Rail Link, Inc., has secured five new contracts across the U.S. since September.

Key Points: 
  • Genesee & Wyoming Inc. (G&W) today announced that its railcar switching subsidiary, Rail Link, Inc., has secured five new contracts across the U.S. since September.
  • “Rail Link’s value proposition and longstanding experience with a variety of commodities are clearly resonating with customers in multiple industries and geographies who are looking for safe, efficient and competitive transportation services,” says Jason Bradt, vice president of Rail Link operations.
  • More information about Rail Link, which was founded in 1996, and its suite of services can be found at https://gwrr.com/industrial-switching .
  • About Genesee & Wyoming Inc.
    G&W owns or leases 116 freight railroads with 7,300 employees serving 3,000 customers.

CN Announces Nova Scotia Partnership with Genesee & Wyoming

Retrieved on: 
Wednesday, November 1, 2023

MONTREAL, Nov. 01, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced that it acquired from Genesee & Wyoming Inc., a stake in the Cape Breton & Central Nova Scotia Railway that includes 145 miles of active track.

Key Points: 
  • MONTREAL, Nov. 01, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced that it acquired from Genesee & Wyoming Inc., a stake in the Cape Breton & Central Nova Scotia Railway that includes 145 miles of active track.
  • “We are proud to be partnering with Genesee & Wyoming to serve existing customers on this line.
  • This partnership will further reinforce CN’s presence in eastern Canada where we believe there will be a growing role to play in the competitiveness of North American trade.
  • It will also enable our network to reach new opportunities in the longer-term, further advancing our strategic agenda of accelerating profitable, sustainable growth.”
    The CBNS railway, which interchanges with CN’s mainline at Truro, Nova Scotia, will continue to be operated by a Genesee & Wyoming Inc. subsidiary.

Genesee & Wyoming Enters into Partnership with CN Involving Cape Breton & Central Nova Scotia Railway

Retrieved on: 
Wednesday, November 1, 2023

Genesee & Wyoming Inc. (G&W) announced that, effective today, it has entered into a partnership with CN involving G&W’s Cape Breton & Central Nova Scotia Railway (CBNS).

Key Points: 
  • Genesee & Wyoming Inc. (G&W) announced that, effective today, it has entered into a partnership with CN involving G&W’s Cape Breton & Central Nova Scotia Railway (CBNS).
  • Under this partnership, CN will acquire a stake in CBNS and manage interline movements for customers, while a G&W subsidiary will continue to operate the CBNS line from Truro to Point Tupper, Nova Scotia.
  • “This partnership fully leverages the expertise of both a local, first- and last-mile railroad and a Class I railway that is part of the broader North American freight-rail network,” says Rick McLellan, president of G&W’s Canadian operations.
  • Northborne Partners served as financial advisor, while McInnes Cooper served as legal counsel to G&W.

Statement on Georgia Central Railway and Heart of Georgia Railroad Petition to Pilot Zero-Emission Rail-Freight Solution from Parallel Systems

Retrieved on: 
Thursday, August 10, 2023

Georgia Central Railway, L.P. (GC) and Heart of Georgia Railroad, Inc. (HOG), subsidiaries of Genesee & Wyoming Inc. (G&W), today filed a petition with the Federal Railroad Administration (FRA) to pilot new zero-emission rail-freight technology from Parallel Systems on portions of their rail lines.

Key Points: 
  • Georgia Central Railway, L.P. (GC) and Heart of Georgia Railroad, Inc. (HOG), subsidiaries of Genesee & Wyoming Inc. (G&W), today filed a petition with the Federal Railroad Administration (FRA) to pilot new zero-emission rail-freight technology from Parallel Systems on portions of their rail lines.
  • This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20230810070052/en/
    GC and HOG believe the development and anticipated adoption of this technology has the potential to capture new container business moving to and from the Port of Savannah, as well as reinvigorate traffic on rural rail lines and revive inland ports in Georgia – all while removing trucks from the region’s roads and reducing carbon emissions.
  • If approved, the multi-phased pilot would begin next year and be overseen by the FRA, G&W and Parallel Systems – allowing G&W and Parallel Systems to demonstrate the technology in a field setting while using carefully developed protocols to ensure the pilot is operated in a safe, controlled manner.

Railroads reach agreement to create new direct connection and corridor linking Mexico, Texas and the U.S. Southeast

Retrieved on: 
Wednesday, June 28, 2023

As part of the series of proposed transactions, CPKC and CSX would each acquire or operate portions of Meridian & Bigbee Railroad, L.L.C.

Key Points: 
  • As part of the series of proposed transactions, CPKC and CSX would each acquire or operate portions of Meridian & Bigbee Railroad, L.L.C.
  • (MNBR), a G&W-owned railway in Mississippi and Alabama, to establish a new freight corridor for shippers that connects Mexico, Texas and the U.S. Southeast.
  • As a result, CPKC and CSX would establish a direct CPKC-CSX interchange at or near Myrtlewood, Ala.
  • These and other factors are detailed from time to time in reports filed by CPKC with securities regulators in Canada and the United States.

Wabtec’s Certified Pre-Owned Program Wins Its Largest Order for 69 Locomotives from Six Genesee & Wyoming Railroads

Retrieved on: 
Tuesday, June 27, 2023

The order of 69 locomotives builds upon Wabtec’s certified pre-owned program and enables G&W to further enhance its fleet of locomotives.

Key Points: 
  • The order of 69 locomotives builds upon Wabtec’s certified pre-owned program and enables G&W to further enhance its fleet of locomotives.
  • Wabtec will start delivery of these locomotives immediately and will complete delivery of all 69 by December this year.
  • “This order demonstrates the value of our certified pre-owned program to the short line market,” said Alicia Hammersmith, President of Wabtec’s Global Freight Services.
  • To date, Wabtec has sold over 210 locomotives to 8 different customers through its certified pre-owned program.

OASIS Group Appoints Eddie Aston as CEO

Retrieved on: 
Thursday, May 18, 2023

DUBLIN, May 18, 2023 /PRNewswire/ -- OASIS Group, the largest privately owned information management organisation in Europe, announced today that Eddie Aston has been appointed as the new Chief Executive Officer of the Group effective 16th May 2023.

Key Points: 
  • DUBLIN, May 18, 2023 /PRNewswire/ -- OASIS Group, the largest privately owned information management organisation in Europe, announced today that Eddie Aston has been appointed as the new Chief Executive Officer of the Group effective 16th May 2023.
  • He has held several successful leadership positions in complex start-ups, integrations and business optimisations across various industry sectors, including CEO roles at DHL and most recently CEO UK & Europe at Genesee & Wyoming Inc.
    "I am delighted to have been appointed to lead OASIS Group.
  • OASIS Group Chairman Siegfried Heimgaertner  "We are thrilled to welcome Eddie Aston as our new Chief Executive Officer.
  • Our Board believes Eddie's experience and expertise will be instrumental in leading OASIS Group into its next phase of growth."

G&W Announces Leadership Changes

Retrieved on: 
Tuesday, April 25, 2023

Michael Miller will succeed Mr. Hellmann as Chief Executive Officer of G&W, responsible for North American operations, also effective September 1.

Key Points: 
  • Michael Miller will succeed Mr. Hellmann as Chief Executive Officer of G&W, responsible for North American operations, also effective September 1.
  • Tim Shoveller is expected to join the company as Chief Executive Officer for G&W’s UK/Europe operations by late summer 2023.
  • “Our leadership changes bring exciting energy to G&W’s trajectory of growth,” Hellmann commented.
  • “Michael Miller’s leadership, commercial acumen and commitment to G&W’s core values make him the ideal North American CEO to lead us through the execution of our strategic plan.