Examine individual changes

'{{about|the railroad holding company|the namesake subsidiary|Genesee and Wyoming Railroad}} {{Redirect|Rail Link}} {{Infobox company |name = Genesee & Wyoming Inc. |logo = [[File:Genesee & Wyoming logo.svg|200px]] |type = [[Public company|Public]] |traded_as = {{nyse|GWR}} |foundation = <!--not 1899 - that was the railroad--> |founder = [[Edward Laton Fuller]] |location_city = |location_country = |location = [[Darien, Connecticut]] |key_people = John C. Hellmann, President and CEO |area_served = [[United States]], [[Canada]], [[Mexico]], [[Bolivia]], [[Australia]], [[Netherlands]], [[United Kingdom]] |industry = Short line and regional railroad freight |products = |services = |revenue = {{increase}} [[US$]] 1.639 billion (2014)<ref name="10-K 2014">{{cite web | url=http://www.sec.gov/Archives/edgar/data/1012620/000101262015000003/gwr10k20141231secimport.htm#sC1631A748D3494485D0053268AB05441 | title=Form 10-K 2014 | publisher=Securities and Exchange Commission | accessdate=22 May 2015}}</ref> |operating_income = |net_income = {{decrease}} [[US$]] 261.0 million<ref name="10-K 2014" /> |num_employees = |parent = |divisions = |subsid = |owner = |caption = |homepage =http://www.gwrr.com/ |dissolved = |footnotes = }} [[File:HCRY 1.JPG|thumb|right|Typical G&W livery on a Huron Central locomotive.]] '''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 {{convert|15500|mi|km}} of owned and leased track, with more than {{convert|3300|mi|km}} under additional [[Arrangements between railroads|track-access arrangements]].<ref name="official">{{cite web|url=http://www.gwrr.com/about_us|title=About Us|publisher=Genesee & Wyoming, Inc.|accessdate=August 11, 2011}}</ref> The company had its roots in the [[Class III railroad|Class III]] [[Genesee and Wyoming Railroad]], which began in 1899.<ref name="Our History">{{cite web|url=http://www.gwrr.com/about_us/our_history.be|title=Our History – Genessee & Wyoming Inc.|accessdate=August 11, 2011}}</ref> ==History== ===Early years=== 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 {{convert|14.5|mi|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.<ref name="Our History" /> 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.<ref name="Our History" /> ===Continued expansion=== In November 1997 Genesee & Wyoming purchased the [[South Australia]]n freight operations of [[Australian National Railways Commission|Australian National]] and rebranded the operation [[Genesee & Wyoming Australia|Australian Southern Railroad]].<ref>"An Sale: Private Owners Go From Zero to Three" ''Railway Digest'' October 1997 page 8</ref> 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]].<ref>"Australian Railroad Group buys Westrail freight" ''Railway Digest'' October 2000 page 23</ref><ref>[http://www.wesfarmers.com.au/about-us/company-history.html Company History] Wesfarmers</ref> As part of the joint venture agreement, ownership of Australian Southern Railroad passed to Australian Railroad Group. In July 2003, the [[Carolina Coastal Railway]], operated by G&W subsidiary Rail Link, Inc., was sold to Main Line Rail Management, Inc. On May 26, 2005, G&W announced that it has agreed to purchase the railroad operations of [[Rail Management Corporation]] (RMC). G&W paid [[United States dollar|$]]243&nbsp;million in cash and assume $1.7&nbsp;million in company debt to gain control of 14 short line railroads from RMC across the southeastern [[United States]], as of June 1, 2005.<ref>Genesee & Wyoming, Inc. (May 26, 2005), ''[http://www.gwrr.com/features/gwi_aquisition05262005.html Genesee & Wyoming Announces Agreement to Acquire Short Line and Port Railroads from Rail Management Corporation]''. Retrieved May 27, 2005.</ref><ref>Trains News Wire (May 26, 2005), ''[http://www.trains.com/Content/Dynamic/Articles/000/000/005/949ntchy.asp G&W to acquire Rail Management Corp. rail operations]''. Retrieved May 27, 2005.</ref> As of the close of 2005, Genesee and Wyoming had 2,330 employees in [[North America]]. That year, [[Hurricane Stan]] wiped out several miles of Genesee & Wyoming track in Mexico. In 2006, the Mexican government agreed to pay 75 percent of the rebuilding costs, or $15 million, to reconstruct the track. In June 2006 the [[Australian Railroad Group]] joint venture was broken up with the Western Australian above rail operation sold to [[Aurizon|QR National]] and the below rail infrastructure to [[Brookfield Rail|Babcock & Brown]] in a [[United States dollar|$]]974&nbsp;million ([[Australian dollar|A$]]1.55&nbsp;billion) deal. At the same time [[Wesfarmers]] sold its 50% share in the South Australian operation back to Genesee & Wyoming Inc for $15&nbsp;million (A$22&nbsp;million).<ref>[http://media.corporate-ir.net/media_files/irol/14/144042/releases/feb.14,06-4.pdf Sale of Australian Railroad Group] Wesfarmers February 14, 2006</ref> The operation was rebranded [[Genesee & Wyoming Australia]].<ref>{{cite press release| publisher=Genesee & Wyoming, Inc.| date=February 13, 2006| url=http://phx.corporate-ir.net/phoenix.zhtml?c=64426&p=irol-newsArticle&ID=816539&highlight=| title=Genesee & Wyoming Agrees to Sell Western Australia Operations and Certain Other Assets of the Australian Railroad Group for A$1.3 Billion (US$956 million)| accessdate=2006-02-14}}</ref> Also in 2006, Genesee & Wyoming elected to write off most of the value of its Bolivian operation, on fears that the Bolivian government would soon [[nationalize]] privately held railroads there.<ref>{{cite web|title=Genesee & Wyoming Inc. Annual Report 2006|url=http://media.corporate-ir.net/media_files/irol/64/64426/GWR_AR_06_10K.pdf|accessdate=2 August 2012}}</ref> Genesee & Wyoming remains an investor in Empresa [[Ferroviaria Oriental]], S.A.<ref>{{cite web|title=Empresa Ferroviaria Oriental, S.A.|url=http://www.gwrr.com/operations/railroads/bolivia/empresa_ferroviaria_oriental_sa|publisher=Genesee & Wyoming|accessdate=2 August 2012}}</ref> In June 2010 Genesee & Wyoming Inc, through a subsidiary holding company, paid A$334 million to acquire the operational rights to and the leasehold of the [[Adelaide–Darwin railway|Tarcoola to Darwin Railway]] from the [[Asia Pacific Transport Consortium]], and the operational rolling stock of [[FreightLink]].<ref>{{cite news|url=http://www.abc.net.au/news/stories/2010/06/09/2922621.htm|title=Adelaide-Darwin railway sold to US company|publisher=ABC News|date=June 10, 2010|accessdate=August 11, 2011}}</ref><ref>{{cite news|url=http://www.adelaidenow.com.au/business/freightlink-owned-adelaide-darwin-railway-to-be-sold-to-us-company-genesee-wyoming/story-e6frede3-1225877456939|title=FreightLink-owned Adelaide-Darwin railway to be sold to US company Genesee & Wyoming|work=Adelaide Now|publisher=The Advertiser|date=June 9, 2010|accessdate=August 11, 2011}}</ref> This {{convert|1400|mi|km}} rail line was the longest the company has leased.<ref name="Our History" /> On 2 August 2011, Genesee & Wyoming announced that it planned to purchase the [[Arizona Eastern Railway]] from [[Iowa Pacific Holdings]] for [[US dollar|US$]]90.1 million, with the deal expected to be completed by the end of the year.<ref>{{cite web | url=http://www.rail.co/2011/08/02/genesee-wyoming-inc-to-acquire-arizona-eastern-railway/ | title=Genesee & Wyoming Inc to acquire Arizona Eastern Railway | publisher=Rail.co | date=2 August 2011 | accessdate=3 August 2011 | archiveurl=http://www.webcitation.org/60eKHbgET | archivedate=2 August 2011}}</ref> The deal was closed on 1 September 2011.<ref>{{cite web | url=http://www.progressiverailroading.com/short_lines_regionals/article/Genesee-Wyoming-completes-Arizona-Eastern-acquisition--27857 | title=Genesee & Wyoming completes Arizona Eastern acquisition | publisher=Progressive Railroading | date=6 September 2011 | accessdate=7 September 2011}}</ref> On July 23, 2012, Genesee & Wyoming Inc. (GWR) agreed to purchase [[RailAmerica]] Inc. (RA), the short-line railroad holding company controlled by Fortress Investment Group LLC (FIG), for $1.39&nbsp;billion to combine North America’s two largest short-line and regional rail operators.<ref>Bloomberg, http://www.bloomberg.com/news/2012-07-23/genesee-wyoming-agrees-to-buy-railamerica-for-1-39-billion.html</ref><ref>{{cite news| url=http://www.stltoday.com/business/national-and-international/genesee-wyoming-plans-b-railamerica-deal/article_bc60d90a-f39d-5fa3-bde1-9c3f0ca62ca2.html| title=Genesee & Wyoming to pay $1.39B for RailAmerica| author=Associated Press| date=July 23, 2012| accessdate=July 23, 2012| work=STL Today.com}}</ref><ref>{{cite news| url=http://in.reuters.com/article/2012/07/23/genessewyoming-railamerica-idINL4E8IN4PY20120723| title=UPDATE 4-Genesee & Wyoming to buy RailAmerica for $1.4 billion| work=Reuters| date=July 23, 2012| accessdate=July 23, 2012}}</ref> On February 24, 2015, Genesee & Wyoming Inc. (GWR) announced that it has agreed to acquire approximately 95% of the shares of [[Freightliner_Group|Freightliner Group Limited]]<ref>{{cite news|url=http://www.businesswire.com/news/home/20150224006904/en/Genesee-Wyoming-Enters-Agreement-Acquire-Freightliner-Group|title=Genesee & Wyoming Inc. Enters into Agreement to Acquire Freightliner Group Limited; Expands Rail Operations in the United Kingdom, Continental Europe and Australia| author=Bloomberg| date=February 24, 2015| accessdate=February 25, 2015}}</ref> ==Subsidiaries and holdings== {{seealso|List of railroads owned by Genesee & Wyoming}} [[File:G&W WT logo.jpg|thumb|right|Logos of Rail Link subsidiaries have a [[Railway coupling|coupler]] in the center.]] Genesee & Wyoming Inc. owns controlling interests in 120 freight railroads, either directly or through subsidiaries, which are organized into 11 operating regions. These subsidiaries include Rail Link, Inc. (1996), Genesee & Wyoming Canada, Inc. (1997), Emons Railroad Group (2002), CAGY Industries (2008), and [[Summit View, Inc.]] (2008). In 2005 G&W acquired the properties formerly owned by the [[Rail Management Corporation]].<!--What are the [[Breaux Bridge Railroad]] and [[Evansville Belt Line Railroad]] (latter acquired 2005)?--> Rail Link, Inc. {{reporting mark|RLIX}}, a subsidiary of Genesee & Wyoming Inc., provides industrial switching and related customer logistics services. Rail Link, headquartered in [[Jacksonville, Florida]], serves industrial customers at 30 locations in 11 states and operates 26 short line railroads (including the [[Commonwealth Railway]], and [[Yorkrail]]). Rail Link railroads serve 10 major U.S. ports.{{Citation needed|date=August 2011}} ==Railroads== ===United States=== *[[Alabama and Gulf Coast Railway]] *[[Aliquippa and Ohio River Railroad]] *[[AN Railway]] *[[Arizona and California Railroad]] *[[Arizona Eastern Railway]] *[[Arkansas, Louisiana and Mississippi Railroad]] *[[Arkansas Midland Railroad]] **Operates the [[Warren and Saline River Railroad]] and [[Prescott and Northwestern Railroad]] *[[Atlantic and Western Railway]] *[[Bauxite and Northern Railway]] *[[Bay Line Railroad]] *[[Buffalo and Pittsburgh Railroad]] *[[California Northern Railroad]] *[[Cascade and Columbia River Railroad]] *[[Carolina Piedmont Railroad]] *[[Central Oregon and Pacific Railroad]] *[[Central Railroad of Indiana]] *[[Central Railroad of Indianapolis]] *[[Chattahoochee Industrial Railroad]] *[[Chattooga and Chickamauga Railway]] *[[Chesapeake and Albemarle Railroad]] *[[Chicago, Fort Wayne and Eastern Railroad]] *[[Columbus and Chattahoochee Railroad]] *[[Columbus and Greenville Railway]] *[[Columbus and Ohio River Railroad]] *[[Commonwealth Railway]] *[[Conecuh Valley Railroad]] *[[Connecticut Southern Railroad]] *[[Corpus Christi Terminal Railroad]] *[[Dallas, Garland and Northeastern Railroad]] *[[East Tennessee Railway]] *[[Eastern Alabama Railway]] *[[First Coast Railroad]] *[[Fordyce and Princeton Railroad]] *[[Galveston Railroad]] *[[Georgia Central Railway]] *[[Georgia Southwestern Railroad]] *[[Golden Isles Terminal Railroad]] *[[Golden Isles Terminal Wharf]] *[[Grand Rapids Eastern Railroad]] *[[Hilton and Albany Railroad]] *[[Huron and Eastern Railway]] *[[Illinois and Midland Railroad]] *[[Indiana and Ohio Railway]] *[[Indiana Southern Railroad]] *[[Kentucky West Tennessee Railway]] *[[Kiamichi Railroad]] *[[Kyle Railroad]] *[[Little Rock and Western Railway]] *[[Louisiana and Delta Railroad]] *[[Luxapalila Valley Railroad]] *[[Mahoning Valley Railway]] *[[Marquette Rail]] *[[Maryland Midland Railway]] *[[Massena Terminal Railroad]] *[[M&B Railroad]] *[[Michigan Shore Railroad]] *[[Mid-Michigan Railroad]] *[[Missouri and Northern Arkansas Railroad]] *[[New England Central Railroad]] *[[North Carolina and Virginia Railroad]] *[[Ohio Central Railroad (1988)]] *[[Ohio Southern Railroad (1986)]] *[[Olympia and Belmore Railroad]] *[[Otter Tail Valley Railroad]] *[[Pittsburgh and Ohio Central Railroad]] *[[Point Comfort and Northern Railway]] *[[Portland and Western Railroad]] *[[Puget Sound and Pacific Railroad]] *[[Rapid City, Pierre and Eastern Railroad]] *[[Riceboro Southern Railway]] *[[Rochester and Southern Railroad]] **Operates the [[Genesee and Wyoming Railroad]] *[[Rockdale, Sandow and Southern Railroad]] *[[San Joaquin Valley Railroad]] *[[San Diego and Imperial Valley Railroad]] *[[Savannah Port Terminal Railroad]] *[[South Carolina Central Railroad]] *[[St. Lawrence and Atlantic Railroad]] *[[Talleyrand Terminal Railroad]] *[[Tazewell and Peoria Railroad]] *[[Texas Northeastern Railroad]] *[[Three Notch Museum|Three Notch Railroad]] *[[Toledo, Peoria and Western Railway]] *[[Tomahawk Railway]] *[[Utah Railway]] *[[Valdosta Railway]] *[[Ventura County Railroad]] *[[Wellsboro and Corning Railroad]] *[[Wilmington Terminal Railroad]] *[[Wiregrass Central Railroad]] *[[York Railway]] *[[Youngstown Belt Railroad]] **Operates the [[Warren and Trumbull Railroad]] *[[Youngstown and Austintown Railroad]] ===Canada=== *[[Cape Breton and Central Nova Scotia Railway]] *[[Goderich–Exeter Railway]] *[[Huron Central Railway]] *[[Knob Lake and Timmons Railway]] *[[Ottawa Valley Railway]] *[[Quebec Gatineau Railway]] *[[Southern Ontario Railway]] *[[Western Labrador Rail Services]] ===Other Railroad Organizations=== *[[Genesee and Wyoming Australia]] *[[Rotterdam Rail Feeding]] (Europe) *[[Freightliner Group]] (United Kingdom) ==References== {{reflist|3}} ==External links== {{Portal|Railways}} * [http://www.gwrr.com/ Genesee & Wyoming Inc.] * [http://gold.mylargescale.com/Scottychaos/GW/ Dansville & Mount Morris – Genesee& Wyoming – Rochester & Southern Roster and Locomotive Survivors.] {{Genesee & Wyoming}} {{DEFAULTSORT:Genesee and Wyoming}} [[Category:Companies listed on the New York Stock Exchange]] [[Category:Canadian railroad holding companies]] [[Category:United States railroad holding companies]] [[Category:Genesee & Wyoming Inc.| ]] [[Category:Companies based in Connecticut]] [[Category:Companies operating former Canadian Pacific Railway lines]]'