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Stock Market & Financial Investment News

News Breaks
December 20, 2012
19:55 EDTGWRGenesee & Wyoming receives approval to control RailAmerica railroads
Genesee & Wyoming announced that the U.S. Surface Transportation Board, or STB, has approved its application to control RailAmerica, and the RailAmerica railroads, effective December 28. Assuming no stay requests are made by the December 24 deadline set by the STB, the voting trust that has controlled RailAmerica since the transaction closed on October 1 is expected to be dissolved on December 28. Thereafter, GWI would assume control of RailAmerica and begin integration of the two companies.
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September 9, 2014
06:34 EDTGWRGenesee & Wyoming reports August carloads up 10.5% YoY
G&W's traffic in August 2014 was 179,184 carloads, an increase of 17,083 carloads, or 10.5%, compared with August 2013. G&W's same-railroad traffic in August 2014 was 174,013 carloads, an increase of 11,912 carloads, or 7.3%, compared with August 2013. G&W's traffic in the Q3 through August was 356,370 carloads, an increase of 29,197 carloads, or 8.9%, compared with the Q3 of FY13 through August. G&W's same-railroad traffic in the third quarter of 2014 through August was 345,827 carloads, an increase of 18,654 carloads, or 5.7%, compared with the Q3 of FY13 through August.

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