Genesee & Wyoming prepares to split into three rail holding companies
The largest U.S. short line railroad operator is restructuring as it plans to sell off dozens of lines.
Genesee & Wyoming Inc. is planning to separate into three rail holding companies, effective Jan. 1, 2027, a move that will position the regional entities for eventual sale.
The companies will continue to be owned by G&W parent Brookfield and GIC. G&W operates more than 100 railroads.
Atlantic & Great Lakes Transportation Inc., which will be made up of G&W operations in New England (including Berkshire & Eastern Railroad), New York, Ohio, and Pennsylvania. Atlantic & Great Lakes will be based in Rochester, N.Y., and led by Chief Executive Bill Keough, who has been with G&W for eight years and most recently served as regional senior vice president.
Canyon & Cascade Transportation Inc., which will be comprised of G&W operations in Washington, Oregon, California, Arizona, and New Mexico. Canyon & Cascade will be based in Phoenix and led by CEO David Franklin, who was most recently a divisional vice president at G&W and has been with the company for 24 years.
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