Profile: Genesee & Wyoming Inc (GWR)
12 Dec 2013
Genesee & Wyoming Inc., incorporated on September 1, 1977, owns and operates short line and regional freight railroads and provides railcar switching and other rail-related services in the United States, Australia, Canada, the Netherlands and Belgium. In addition, the Company operates a longer-haul railroad that runs approximately 1,400 miles between Tarcoola in South Australia and Darwin in the Northern Territory of Australia. As of December 31, 2012, the Company operated in 39 states in the United States, four Australian states, one Australian territory and four Canadian provinces and provides rail service at 35 ports in North America, Australia and Europe. As of December 31, 2012, the Company operated over approximately 14,700 miles of owned, jointly owned or leased track (inclusive of the Tarcoola to Darwin rail line operated under a concession agreement) and 3,270 additional miles under other contractual track access arrangements. On October 1, 2012, the Company acquired RailAmerica, Inc.
The Company is a rail service provider in all mainland Australian states and in the Northern Territory. The Company operates one regional and 100local (short lines) railroads in the United States over approximately 9,500 miles of track. The Company operates seven local (short line) railroads in Canada over approximately 1,200 miles of track. Through the Company's Australian subsidiaries, the Company manages approximately 2,900 miles (approximately 4,700 kilometers) of track in South Australia. In the Netherlands, the Company operates primarily in the Port of Rotterdam pursuant to the open access regime. In Belgium, the Company operates primarily in the Port of Antwerp pursuant to the open access regime. As of December 31, 2012, through the Company's subsidiaries, the Company owned or leased 111 freight railroads. Of these, 109 are short line railroads and one is a regional freight railroad with a total of approximately 13,300 miles of track in the United States, Australia, Canada, the Netherlands and Belgium.
The Company generates freight revenues primarily from the haulage of freight by rail. Freight revenues represented 71.4% of the Company's total revenues during the year ended December 31, 2012. The Company generates non-freight revenues primarily from rail car switching, car hire and rental services, demurrage and storage, car repair services, other operating income, which includes, among others, revenues from providing crewing services and track access and management fees, real estate holdings, and from providing access to passenger operations, such as from Amtrak's use of the New England Central Railroad, fuel sales to third-parties, and railroad construction. Non-freight revenues represented 28.6% of the Company's total operating revenues in 2012. As of December 31, 2012, the Company's operations served over 2,000 freight customers. The Company's railroads transport a variety of commodities.
Genesee & Wyoming Inc
20 WEST AVENUE
DARIEN CT 06820
Company Web Links
- Alabama rail track sound before oil train crash: Genesee & Wyoming
- Alabama rail track sound before oil train crash -Genesee & Wyoming
- Alabama rail line reopens after crude-train derailment
- Alabama rail line seen shut for seven days after oil-train wreck
- Derailed Alabama crude train owned by Genesee & Wyoming