Genesee and Wyoming
 |
|
| Public | |
| Traded as | : GWR S&P 400 Component |
| Industry | Short line and regional railroad freight |
| Founder | Edward Laton Fuller |
| Headquarters | Darien, Connecticut, United States |
|
Area served
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United States, Canada, Mexico, Bolivia, Australia, Netherlands, United Kingdom |
|
Key people
|
John C. Hellmann, President and CEO |
| Revenue |
 US$ 1.639 billion (2014) |
 US$ 261.0 million |
|
| Website | http://www.gwrr.com/ |
Genesee & Wyoming Inc. is an American short-line railroad holding company that owns or maintains interests in 120 railroads throughout five countries (the United States, Canada, Australia, Belgium, Netherlands and the United Kingdom), and operates more than 15,500 miles (24,900 km) of owned and leased track, with more than 3,300 miles (5,300 km) under additional track-access arrangements. The company had its roots in the Class III Genesee and Wyoming Railroad, which began in 1899.
Genesee and Wyoming Railroad, predecessor of Genesee & Wyoming Inc., was purchased out of bankruptcy in 1899 by Edward L. Fuller. At that time, the railroad was operating as a 14.5 miles (23.3 km) long single-track line serving a single customer, a salt mine owned by Fuller in Retsof, NY. It was still operating the same line for the salt mine when Mortimer B. Fuller III, great grandson of Edward L. Fuller, purchased the railroad in 1977. The holding company, Genesee & Wyoming Railroad Inc., was organized during the same year, and the railroad became its subsidiary.
With deregulation of the rail industry by the Staggers Rail Act of 1980, railroads began disposing of unprofitable routes. Genesee & Wyoming acquired several of these short line railroads, scattered across the United States, from 1985 to 1996. Its acquisitions began including railroads in other countries in 1997.
In November 1997 Genesee & Wyoming purchased the South Australian freight operations of Australian National and rebranded the operation Australian Southern Railroad.
In October 2000 Australian Railroad Group, a 50/50 joint venture between Genesee & Wyoming and Wesfarmers, were the successful bidder for the Westrail freight business in Western Australia. As part of the joint venture agreement, ownership of Australian Southern Railroad passed to Australian Railroad Group.
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Wikipedia