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Stock Market & Financial Investment News

News Breaks
December 28, 2011
04:54 EDTGWR
theflyonthewall.com: Genesee & Wyoming provides update on Cyclone Grant
Genesee & Wyoming, or GWI, reported that a train operated by its subsidiary Genesee & Wyoming Australia Pty Ltd, or GWA, derailed in the vicinity of the Edith River bridge approximately 40 km north of Katherine, Northern Territory, at approximately 5:45 a.m. local time Dec. 27. Flood waters associated with heavy rainfall from Cyclone Grant washed away the southern abutment of the Edith River bridge while a northbound GWA intermodal train consisting of three locomotives, an unoccupied crew van and 33 wagons was passing over en route to Darwin. The crew van, three wagons containing intermodal containers and two wagons containing copper concentrate were derailed into the river. One of the two GWA crew members received non-life-threatening injuries in the incident and is recovering in the hospital. The extent of any damage from the derailed loading will be determined following an investigation. The railroad segment between Katherine and Darwin is out of service. Crews are inspecting the bridge and making plans for restoring service over the approximately 350-meter affected segment. It is not yet known how long repairs will take. :theflyonthewall.com



News For GWR From The Last 14 Days
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May 17, 2012
15:30 EDTGWR
theflyonthewall.com: Genesee & Wyoming management to meet with Dahlman Rose

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May 11, 2012
06:32 EDTGWR
theflyonthewall.com: Genesee & Wyoming reports 5.6% decrease in carloads in April

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