GREENWICH, Conn.--(BUSINESS WIRE)--Apr. 30, 2012--
Genesee & Wyoming Inc. (GWI) (NYSE: GWR) announced today that its newly
formed subsidiary, the Columbus & Chattahoochee Railroad, Inc. (CCR),
has signed an agreement with Norfolk Southern Railway Company (NS) to
lease and operate a 26-mile segment of NS track that runs from Girard,
Alabama, to Mahrt, Alabama. The CCR will interchange with NS in
Columbus, Georgia, where GWI’s Georgia Southwestern Railroad also has
The CCR expects to commence operations on the leased line in July 2012
with 17 employees and six locomotives. The CCR anticipates handling
approximately 17,000 carloads per year, consisting primarily of coated
paperboard-related traffic as well as other general merchandise
shipments. The CCR will be operated as part of GWI’s Southern Region
under the leadership of Gerald T. Gates. Please see the link below for a
map of the CCR and adjacent GWI railroads.
GWI owns and operates short line and regional freight railroads and
provides railcar switching services in the United States, Australia,
Canada, the Netherlands and Belgium. In addition, we operate the
Tarcoola to Darwin rail line, which links the Port of Darwin to the
Australian interstate rail network in South Australia. Operations
currently include 65 railroads organized in 10 regions, with more than
7,600 miles of owned and leased track and approximately 1,400 additional
miles under track access arrangements. We provide rail service at 17
ports in North America and Europe and perform contract coal loading and
railcar switching for industrial customers.
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: Statements in this press release regarding Genesee &
Wyoming's business which are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion of
such risks and uncertainties, which could cause actual results to differ
from those contained in the forward-looking statements, see "Risk
Factors" in the Company's Annual Report on Form 10-K for the most
recently ended fiscal year.
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Source: Genesee & Wyoming Inc.
Genesee & Wyoming Inc.
Michael E. Williams, 203-413-2116