Canadian Pacific and Genesee & Wyoming, Inc., in a joint announcement Thursday, Jan. 2, 2014, said they had “executed an agreement pursuant to which CP will sell the west end of its Dakota, Minnesota & Eastern (DM&E) line to G&W for continued rail operations.”
Darien, Conn.-based Genesee & Wyoming said Monday, Nov. 11, 2013 its October traffic volume rose 104.2% compared with its comparable traffic one year ago, and up 6.3% from October 2012 when traffic from RailAmerica lines are factored. GWI assumed control of RailAmerica rail lines late last year.
Genesee & Wyoming Inc. on Friday, Nov. 1, 2013, reported third-quarter earnings of $65.7 million, or $1.16 per diluted share, compared with a loss of $19.6 million, or 47 cents a share, in the third quarter of 2012.
Genesee & Wyoming, Inc. early Thursday, Aug. 1, 2013, reported earnings of $65.1 million, or $1.14 per diluted share, for the second quarter of 2013, up from $36.4 million, or 84 cents per diluted share, in the same quarter of 2012.
Greenwich, Conn.-based Genesee & Wyoming, Inc. early Friday said its second-quarter “same-railroad” volume had increased 6.5% compared with the second quarter of 2012 led in large measure by a surge in petroleum and petroleum products movement.
The U.S. Department of Transportation, through the Federal Railroad Administration, has awarded a $7 million TIGER (Transportation Investment Generating Economic Recovery) grant to the State of Oregon to support a $9.4 million project that will rehabilitate and reopen a 296-mile stretch of the Central Oregon & Pacific Railroad (a Genesee & Wyoming property).
Genesee & Wyoming, Inc. Wednesday reported first-quarter net income of $82.7 million, compared with net income of $22.2 million in the first quarter of 2012. Excluding the impact of certain significant items discussed below, G&W’s adjusted net income in the first quarter of 2013 was $48.9 million, compared with adjusted net income of $25.0 million in the first quarter of 2012, the company said.
Genesee & Wyoming Inc. Thursday reported results for March and first-quarter traffic, in part based on comparing its current numbers to 2012 results as if its acquisition of RailAmerica were in place during the first quarter of 2012.