STB approves GWI, RailAmerica transaction
The Surface Transportation Board (STB) has approved Genesee & Wyoming Inc.’s application to control RailAmerica, Inc., and the RailAmerica railroads, effective Dec. 28, 2012.
Genesee & Wyoming Inc. said Monday that its wholly owned subsidiary, the Columbus & Ohio River Rail Road Co. (CUOH), has signed a long-term agreement to serve the $900 million natural gas liquids (NGLs) fractionation hub being constructed in Scio, Ohio, by Utica East Ohio Midstream, LLC.
Greenwich, Conn.-based Genesee & Wyoming, Inc. Tuesday said freight traffic declined 4.8% in October compared with October 2011.
Genesee & Wyoming Inc. Monday said it has completed its acquisition of RailAmerica, Inc., and also “entered into a new five-year Senior Secured Credit Facility comprised of a $1.875 billion term loan and $425 million revolving credit facility.”