DARIEN, Conn.--(BUSINESS WIRE)--Genesee & Wyoming Inc. (G&W) (NYSE:GWR) announced today that it has
completed its acquisition of the shares of Atlantic Western
Transportation, Inc., parent company of Heart of Georgia Railroad, Inc.
(HOG). Terms of the acquisition were not disclosed.
HOG was founded in 1999 and operates across the state of Georgia on 219
miles of track leased from the Georgia Department of Transportation. It
connects with G&W’s Georgia Southwestern Railroad at Americus, Ga., and
with G&W’s Georgia Central Railway at Vidalia, Ga. HOG serves an inland
intermodal terminal at Cordele, Ga., providing five-day/week, direct
rail service via the Georgia Central Railway to the Port of Savannah for
auto, agricultural products and other merchandise customers. HOG has
Class I railroad connections with CSX at Cordele and with Norfolk
Southern at Americus and Helena, Ga.
HOG transports approximately 10,000 annual carloads of agricultural
products, feed, fertilizer, and lumber and forest products, of which
approximately 2,000 carloads are interchanged with G&W’s Georgia Central
Railway. HOG will be managed as one of G&W’s Coastal Region railroads,
led by Senior Vice President Andy Chunko.
About G&W
Genesee & Wyoming owns or leases 122 freight railroads worldwide that
are organized in 10 operating regions with approximately 8,000 employees
and 3,000 customers.
G&W’s eight North American regions serve 41 U.S. states and four
Canadian provinces and include 115 short line and regional freight
railroads with more than 13,000 track-miles.
G&W’s Australia Region provides rail freight services in New South
Wales, including in the Hunter Valley coal supply chain, the Northern
Territory and South Australia, and operates the 1,400-mile
Tarcoola-to-Darwin rail line. The Australia Region is 51.1% owned by
G&W and 48.9% owned by a consortium of funds and clients managed by
Macquarie Infrastructure and Real Assets.
G&W’s U.K./Europe Region is led by Freightliner, the U.K.’s largest
rail maritime intermodal operator and second-largest rail freight
company. Operations also include heavy-haul in Poland and Germany,
intermodal services connecting Northern European seaports with key
industrial regions in Germany, and regional rail services in the
Netherlands and Belgium.
G&W subsidiaries provide rail service at more than 40 major ports in
North America, Australia 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.
Contact:
G&W Corporate Communications Michael Williams, 1-203-202-8900 http://www.gwrr.com